Copper Price in 2001

In 2001, the price of copper averaged $0.72 per pound, down 12.2% from the year before. This page covers the 2001 average, high, low, and year-end close, the events that moved the market, and what that copper would be worth in today's dollars.

2001 Average

$0.72

LME/COMEX annual average, USD/lb

Change vs 2000

-12.2%

from $0.82 in 2000

2001 High

$0.86

from daily trading data

2001 Low

$0.60

from daily trading data

Year-End Close

$0.66

last trading day of 2001

What happened to the copper price in 2001

Copper averaged $0.72 per pound in 2001, down 12.2% from $0.82 the year before. Daily trading data shows copper moved between a low of $0.60 and a high of $0.86 during the year, ending 2001 at $0.66. The notable development of 2001: Dot-com bust; 9/11.

The 2000s were defined by the China supercycle. Explosive Chinese urbanization and infrastructure spending quadrupled copper between 2003 and 2006, driving it above $3 a pound, before the 2008 financial crisis produced a devastating crash and a rapid stimulus-fueled recovery.

Adjusted for inflation, copper's 2001 average of $0.72 equals about $1.31 in today's dollars. The conversion uses US Bureau of Labor Statistics CPI-U annual averages, so treat it as a close approximation rather than an exact figure.

Frequently Asked Questions

What was the price of copper in 2001?

Copper averaged $0.72 per pound in 2001, based on LME and COMEX annual average data. Daily prices ranged from a low of $0.60 to a high of $0.86, and the year closed at $0.66. That average was down 12.2% from $0.82 in 2000.

What is a 2001 copper price worth in today's dollars?

Adjusted with the US Consumer Price Index, copper's 2001 average of $0.72 works out to roughly $1.31 in today's dollars, using 2025 as the CPI base year. The conversion uses BLS CPI-U annual averages, so treat it as a close approximation rather than an exact figure.

What moved the copper price in 2001?

The defining story of 2001: Dot-com bust; 9/11. Against that backdrop, the annual average fell 12.2%, from $0.82 in 2000 to $0.72.

Annual averages are LME and COMEX copper prices per pound in US dollars. Where shown, the yearly high, low, and close come from MetalCharts daily historical data and may differ slightly from figures published elsewhere. Inflation adjustments use BLS CPI-U annual averages.