Key Facts
Copper futures tracker CPER slipped United States Copper Index Fund CPER closed at 39.25 $ on 2026-07-22, down -0.71% day-on-day, and it tracks copper futures rather than the spot market .
Copper miners rallied against a softer metal Southern Copper closed at 195.48 $ (+3.97% d/d) and Freeport-McMoRan at 65.00 $ (+3.90% d/d) on 2026-07-22, meaning copper equities outperformed the futures-linked tracker .
Chile remains the world’s top copper producer Chile produced about 5.3 million metric tons of copper in 2024, roughly 23% of global mine output and maintaining its position as the largest copper producing country .
Peru is a leading Latin American producer Peru produced about 2.6 million metric tons of copper in 2024, holding roughly 100 million tons of reserves and ranking among the top global producers with around 12% of world output .
