Reference Copper Prices Have Skyrocketed Wildly, Here Are the Data

Jakarta, CNBC Indonesia - The government has noted a trend of rising prices for several mineral commodities in 2026 compared to 2025. One of the increases is in the mining output of the copper commodity.

In records from the Ministry of Energy and Mineral Resources based on data received by CNBC Indonesia, since October 2025 Period II, the HMA (Reference Mineral Price) for copper has broken through 10,000 US$/dmt.

In 2026, the upward trend in copper prices continues, where the HMA for copper in February Period II even broke through 13,000 US/dmt.TheaverageHMAforcopperin2026is12, 655.16US/dmt, far above the 2025 average of 9,819.48 US$/dmt.

Here are the details per period:

Specifically, in January 2026 period one, the increase in HMA for copper was recorded at 32% compared to the same period last year. In the second period, it also increased up to 40% compared to the same period last year.

In February period one, the HMA for copper increased 47% compared to the same period last year. In the second period, it also increased up to 47% compared to the same period last year.

In March period one, the HMA for copper increased 38% compared to the same period last year. In the second period, it also increased up to 37% compared to the same period last year.

In April period one, the HMA for copper increased 28% compared to the same period last year. In the second period, it also increased up to 27% compared to the same period last year.

Finally, in May period one, the HMA for copper increased 42% compared to the same period last year.