Copper futures

What are copper futures?

Copper is one of the world's most widely used metals for industrial use. Copper futures allow companies and individual investors the ability to participate in trading this widely used metal. Copper futures are the predominant benchmark for the price of this metal as it is available for trading nearly 24 hours per day, 6 days per week. In recent years, CME Group has introduced the mini copper futures contract and the micro copper futures contract. The micro copper futures contract is 1/10th of the size of the standard copper futures contract.

How to trade copper futures

Copper futures, E-mini copper futures and Micro E-mini copper futures can be traded nearly 24 hours a day, five days a week on the thinkorswim® trading platforms. 

Copper futures contract specifications

Considering trading copper futures? Here are the copper futures contract specifications.

Exchange, Product Name, Symbol COMEX, Copper, /HG
Multiplier 25,000 pounds
Minimum Tick Size and Value 0.0005 = $12.50
Settlement Physical1 
Trading Hours Sunday 6 pm - Friday - 5 pm ET (5 pm - 4 pm CT) with a daily maintenance period from 5 pm - 6 pm ET (4 pm - 5 pm CT)

At Schwab, you also get access to advanced trading platforms and education, where you can take advantage of market research, real-time copper futures quotes, and other specialized tools.

Why trade copper futures?

Traders can use copper futures as a risk management tool and participate in the markets without any physical backing of the material and to express investor sentiment on the future price of copper. Copper futures can offer the opportunity for portfolio diversification by presenting an alternative to physical copper.

It is important to understand the benefits and risks involved with copper futures before placing a futures trade. With copper futures you can trade nearly 24 hours a day, five days a week and take advantage of potential trading opportunities regardless of market direction. Copper futures also provide the ability to trade with greater leverage and can allow a more efficient use of trading capital. However, trading leveraged products like copper futures is not suitable for all investors. It involves risks that greater losses can occur with smaller market movements, and more than your initial investment can be lost.

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