Global prices Sep 2026
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Price tracker / 35 price series

Metal prices for buyers, fabricators and builders

Monthly prices and news for copper, aluminum, steel, stainless and the materials that go into data centers and buildings.

Global prices through
September 2026
U.S. producer prices through
September 2026
Data updated
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Monthly average benchmark prices in U.S. dollars per metric ton, from the International Monetary Fund's Primary Commodity Prices. Copper, aluminum, nickel, zinc, tin and lead follow the London Metal Exchange cash price. Iron ore is the price of ore delivered to China. Divide by 2,204.6 for a price per pound.

SeriesLatest1 mo12 moSince Jan 201936-mo range36 monthsFRED
Copper$ per metric ton, $6.56 per lb$14,473Sep 2026+1.0%+44.8%+143.7%36-month low $7,941 (Oct 2023), high $14,473 (Sep 2026)PCOPPUSDM
Aluminum$ per metric ton, $1.49 per lb$3,283Sep 2026+1.0%+23.7%+77.1%36-month low $2,179 (Feb 2024), high $3,658 (May 2026)PALUMUSDM
Nickel$ per metric ton, $7.40 per lb. Nickel drives the alloy surcharge on 300-series stainless.$16,324Sep 2026−2.5%+8.1%+41.7%36-month low $14,671 (Nov 2025), high $19,577 (May 2024)PNICKUSDM
Zinc$ per metric ton, $1.82 per lb. Zinc goes into galvanized steel.$4,021Sep 2026+3.5%+36.9%+56.5%36-month low $2,360 (Feb 2024), high $4,021 (Sep 2026)PZINCUSDM
Tin$ per metric ton, $24.36 per lb. Tin goes into the solder on circuit boards.$53,712Sep 2026−3.0%+55.6%+162.5%36-month low $24,168 (Nov 2023), high $55,360 (Aug 2026)PTINUSDM
Lead$ per metric ton, $0.85 per lb. Lead goes into backup batteries.$1,873Sep 2026+0.9%−4.2%−6.2%36-month low $1,843 (Jul 2026), high $2,220 (May 2024)PLEADUSDM
Iron ore$ per metric ton, $0.05 per lb. China import price, 62% iron content.$100Sep 2026+0.8%−5.6%+33.6%36-month low $96 (Jun 2025), high $138 (Dec 2023)PIORECRUSDM

Each series with January 2019 = 100, on one scale

Copper
501001502002503002019202120232025244
Aluminum
501001502002503002019202120232025177
Nickel
501001502002503002019202120232025142
Zinc
501001502002503002019202120232025156
Tin
501001502002503002019202120232025263
Lead
50100150200250300201920212023202594
Iron ore
501001502002503002019202120232025134

Producer price indexes for metal sold by U.S. mills: what the mill receives for plate, sheet, bar, shapes, pipe and wire, before service center markup and freight.

SeriesLatest1 mo12 moSince Jan 201936-mo range36 monthsFRED
Copper and brass mill shapesIndex 1982=100, not seasonally adjusted835.3Sep 2026+1.4%+30.0%+119.0%36-month low 564.7 (Nov 2023), high 835.3 (Sep 2026)WPU102502
Aluminum mill shapesIndex 1982=100, not seasonally adjusted370.5Sep 2026−0.1%+25.2%+84.1%36-month low 224.4 (Mar 2024), high 394.4 (Jun 2026)WPU102501
Aluminum extrusions and drawn productsIndex Dec 1981=100, not seasonally adjusted406.5Sep 2026−1.3%+26.3%+102.9%36-month low 252.6 (Mar 2024), high 428.1 (Jun 2026)PCU331318331318
Steel mill productsIndex 1982=100, not seasonally adjusted388.6Sep 2026+2.2%+27.6%+76.0%36-month low 261.6 (Jan 2025), high 388.6 (Sep 2026)WPU1017
Hot rolled bars, plate and structural shapesIndex Jun 1982=100, not seasonally adjusted. Covers rebar, plate and beams.319.7Sep 2026+3.0%+15.0%+46.2%36-month low 250.3 (Feb 2025), high 319.7 (Sep 2026)WPU101704
Cold rolled sheet and stripIndex Jun 1982=100, not seasonally adjusted492.5Sep 2026+4.9%+36.9%+100.6%36-month low 314.6 (Jan 2025), high 492.5 (Sep 2026)WPU101707
Steel pipe and tubeIndex Jun 1982=100, not seasonally adjusted431.7Sep 2026+0.6%+13.2%+47.4%36-month low 350.8 (Feb 2025), high 431.7 (Sep 2026)WPU101706
Stainless pipe and tubeIndex Dec 2010=100, not seasonally adjusted154.2Sep 2026+0.2%+7.7%+54.4%36-month low 131.7 (Jan 2025), high 158.4 (Jul 2026)WPU10170674
Steel wireIndex Jun 1982=100, not seasonally adjusted391.1Sep 2026+1.1%+4.5%+39.3%36-month low 355.9 (Jan 2025), high 391.1 (Sep 2026)WPU101705

Each series with January 2019 = 100, on one scale

Copper and brass mill shapes
501001502002503002019202120232025219
Aluminum mill shapes
501001502002503002019202120232025184
Aluminum extrusions and drawn products
501001502002503002019202120232025203
Steel mill products
501001502002503002019202120232025176
Hot rolled bars, plate and structural shapes
501001502002503002019202120232025146
Cold rolled sheet and strip
501001502002503002019202120232025201
Steel pipe and tube
501001502002503002019202120232025147
Stainless pipe and tube
501001502002503002019202120232025154
Steel wire
501001502002503002019202120232025139

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Producer price indexes for scrap bought by mills, smelters and foundries. Scrap often moves before mill prices do.

SeriesLatest1 mo12 moSince Jan 201936-mo range36 monthsFRED
No. 1 copper scrapIndex Dec 1986=100, not seasonally adjusted854.7Sep 2026+0.7%+49.0%+152.7%36-month low 477.3 (Oct 2023), high 854.7 (Sep 2026)WPU10230101
No. 2 copper scrapIndex Dec 1986=100, not seasonally adjusted1,396.2Sep 2026+1.3%+59.8%+158.4%36-month low 764.4 (Oct 2023), high 1,396.2 (Sep 2026)WPU10230102
Aluminum scrapIndex 1982=100, not seasonally adjusted448.1Sep 2026−3.7%+22.6%+135.6%36-month low 247.7 (Oct 2023), high 469.3 (Jul 2026)WPU102302
Iron and steel scrapIndex 1982=100, not seasonally adjusted581.0Sep 2026−0.3%+10.2%+21.8%36-month low 514.7 (Dec 2024), high 620.2 (Jan 2024)WPU1012
Stainless and alloy steel scrapIndex Dec 1986=100, not seasonally adjusted488.5Sep 2026+0.1%+15.2%+46.8%36-month low 371.9 (Dec 2025), high 502.6 (Jun 2026)WPU101212

Each series with January 2019 = 100, on one scale

No. 1 copper scrap
501001502002503002019202120232025253
No. 2 copper scrap
501001502002503002019202120232025258
Aluminum scrap
501001502002503002019202120232025236
Iron and steel scrap
501001502002503002019202120232025122
Stainless and alloy steel scrap
501001502002503002019202120232025147

Producer price indexes for the copper, aluminum and steel products that go into data centers and the grid that feeds them: power cable, transformers and switchgear.

SeriesLatest1 mo12 moSince Jan 201936-mo range36 monthsFRED
Copper wire and cableIndex Dec 1986=100, not seasonally adjusted607.7Sep 2026+0.8%+30.8%+104.8%36-month low 377.1 (Oct 2023), high 607.7 (Sep 2026)WPU10260314
Power wire and cableIndex Dec 1982=100, not seasonally adjusted. Made from purchased copper and aluminum wire.577.6Sep 2026+1.8%−4.0%+130.9%36-month low 534.6 (May 2026), high 673.3 (Jul 2025)PCU3359293359291
Transformers and power regulatorsIndex 1982=100, not seasonally adjusted434.5Sep 2026n/a+7.6%+88.9%36-month low 384.2 (Oct 2023), high 434.5 (Aug 2026)WPU1174
Switchgear and industrial controlsIndex 1982=100, not seasonally adjusted433.6Sep 2026+1.0%+12.4%+89.7%36-month low 326.2 (Oct 2023), high 433.6 (Sep 2026)WPU1175

Each series with January 2019 = 100, on one scale

Copper wire and cable
501001502002503002019202120232025205
Power wire and cable
501001502002503002019202120232025231
Transformers and power regulators
501001502002503002019202120232025189
Switchgear and industrial controls
501001502002503002019202120232025190

Producer price indexes for structural steel and the other materials on a building site, plus diesel for the trucks that deliver them.

SeriesLatest1 mo12 moSince Jan 201936-mo range36 monthsFRED
Fabricated structural metalIndex 1982=100, not seasonally adjusted418.3Sep 2026+1.0%+7.4%+73.6%36-month low 361.2 (Mar 2024), high 418.3 (Sep 2026)WPU107
Sheet metal productsIndex 1982=100, not seasonally adjusted361.1Sep 2026+0.6%+6.7%+63.7%36-month low 317.8 (Nov 2023), high 361.1 (Sep 2026)WPU1073
Ready-mix concreteIndex 1982=100, not seasonally adjusted395.3Sep 20260.0%+2.3%+45.1%36-month low 368.0 (Dec 2023), high 396.0 (Jun 2026)WPU1333
CementIndex 1982=100, not seasonally adjusted356.2Sep 20260.0%−1.2%+39.2%36-month low 337.7 (Dec 2023), high 360.5 (Sep 2025)WPU1322
LumberIndex 1982=100, not seasonally adjusted282.3Sep 2026−1.4%+8.7%+34.4%36-month low 240.4 (Nov 2023), high 291.0 (Jul 2026)WPU081
Gypsum productsIndex 1982=100, not seasonally adjusted488.9Sep 2026+0.8%+1.4%+48.3%36-month low 454.8 (Jan 2024), high 488.9 (Sep 2026)WPU137
No. 2 diesel fuelIndex 1982=100, not seasonally adjusted675.6Sep 2026+24.2%+115.2%+236.0%36-month low 266.6 (Jan 2026), high 675.6 (Sep 2026)WPU057303

Each series with January 2019 = 100, on one scale

Fabricated structural metal
501001502002503003502019202120232025174
Sheet metal products
501001502002503003502019202120232025164
Ready-mix concrete
501001502002503003502019202120232025145
Cement
501001502002503003502019202120232025139
Lumber
501001502002503003502019202120232025134
Gypsum products
501001502002503003502019202120232025148
No. 2 diesel fuel
501001502002503003502019202120232025336

Census Bureau construction spending on the buildings that take the most metal. Census counts data centers in the office category.

SeriesLatest1 mo12 moSince Jan 201936-mo range36 monthsFRED
Office construction, including data centers$ billions, seasonally adjusted annual rate$162.3BSep 2026+5.0%+33.4%+97.8%36-month low $102.0B (Apr 2024), high $162.3B (Sep 2026)TLOFCONS
Power construction$ billions, seasonally adjusted annual rate$191.7BSep 2026+0.9%+11.1%+114.2%36-month low $162.7B (Oct 2023), high $191.7B (Sep 2026)TLPWRCONS
Manufacturing construction$ billions, seasonally adjusted annual rate$170.2BSep 2026+0.1%−17.0%+120.4%36-month low $169.9B (Jul 2026), high $250.2B (Sep 2024)TLMFGCONS

Each series with January 2019 = 100, on one scale

Office construction, including data centers
501001502002503003502019202120232025198
Power construction
501001502002503003502019202120232025214
Manufacturing construction
501001502002503003502019202120232025220

Exchanges and price reporting agencies license these prices, and republishing them takes a paid license. They are published here:

PricePublisherWhere to read it
COMEX copper futuresCME Groupwww.cmegroup.com
COMEX aluminum futures and the Midwest aluminum premiumCME Group and S&P Global Plattswww.cmegroup.com
U.S. hot-rolled coil steel futuresCME Groupwww.cmegroup.com
LME official and closing pricesLondon Metal Exchangewww.lme.com
Stainless alloy surchargesEach stainless mill, such as North American Stainlesswww.northamericanstainless.com
Daily silver and gold pricesLBMAwww.lbma.org.uk
Lithium, cobalt and electrical steel pricesPrice reporting agencies such as Fastmarkets and Benchmarkwww.fastmarkets.com
DateTrendCategoryTitleSummary
Tariffs and tradeCommerce cut the dumping margin on Galvasid's coated steel from Mexico to 14.54% from 24.09% after a court ruling FeatureAfter a trade court ruling, Commerce cut the dumping margin on Mexican coated steel to 14.54% for Galvasid, from 24.09%, and to 14.29% for all others.
Tariffs and tradeCommerce finds dumping of Vietnamese copper tube would likely resume at up to 8.35% if the 2021 order ended FeatureCommerce found that revoking the 2021 antidumping order on copper pipe and tube from Vietnam would likely bring back dumping at margins up to 8.35%.
PricesZinc averaged $4,020.55 a metric ton in September 2026, the highest since April 2022 FeatureThe IMF's global zinc price rose 3.5% in September 2026 to $4,020.55 a metric ton, 36.9% above a year earlier and the highest since April 2022.
PricesSwitchgear prices hit a record in September 2026, up 12.4% on the year FeatureThe producer price index for switchgear, switchboards and industrial controls rose 1.0% in September 2026 to 433.602, a record and 12.4% above a year earlier.
PricesAluminum mill shape prices fell for a third month in September 2026, 6.1% below June's record FeatureThe producer price index for aluminum mill shapes fell 0.1% in September 2026 to 370.480, 6.1% below June's record and 25.2% above a year earlier.
PricesSteel mill prices rose 27.6% in the year to September 2026, the largest gain since May 2022 FeatureThe producer price index for steel mill products rose 2.2% in September 2026 to 388.58, 27.6% above a year earlier and its tenth monthly gain in a row.
PricesCopper mill shape prices hit a record in September 2026, up 30.0% on the year FeatureThe producer price index for copper and brass mill shapes rose 1.4% in September 2026 to 835.342, a record and 30.0% above September 2025.