Commodity ratio · live
Copper Futures to Lead Futures Ratio
The copper futures to lead futures ratio is 0.003451 — Copper Futures at $6.59 per Pound divided by Lead Futures at $1,909.83 per Metric Ton.
Prices as of Aug 24, 2026, 10:35 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Copper Futures to Lead Futures ratio
1.000 Lb of copper futures = 0.003451 T of lead futures
Inverse (LEAD-FUT/HG-FUT): 289.8 — one Metric Ton of lead futures buys that much copper futures.
Near the top of its 1 year range — historically stretched. (95th percentile of the last 1 year)
Copper Futures
$6.59
per Pound
Lead Futures
$1,909.83
per Metric Ton
Unit basis: USD per Pound ÷ USD per Metric Ton. The ratio reads as Metric Tons of lead futures per Pound of copper futures. Prices as of Mon, 24 Aug 2026 10:35:14 GMT.
1Y average
0.002930
median 0.002958
1Y low
0.002176
Aug 24, 2025
1Y high
0.003570
Aug 6, 2026
Normal band
0.002603–0.003256
mean ± 1 std dev
Deviation from mean
+1.60σ
331 observations
Copper Futures to Lead Futures ratio charts
Pick a range once — it applies to the HG-FUT/LEAD-FUT ratio line, the OHLC candles and the Copper Futures / Lead Futures price chart below.
HG-FUT/LEAD-FUT ratio line
How many T of Lead Futures one Lb of Copper Futures buys, over 1Y.
HG-FUT/LEAD-FUT ratio candles
Open, high, low and close of the HG-FUT/LEAD-FUT ratio for each period in the last 1Y.
Copper Futures and Lead Futures prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the copper futures to lead futures ratio
Copper Futures to Lead Futures ratio = Copper Futures price per Pound ÷ Lead Futures price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of lead futures per Pound of copper futures — rather than a plain count.
Worked example, live prices: $6.59 ÷ $1,909.83 = 0.003451. The inverse is 289.8.
The flagship commodity ratios
Each of these has its own dedicated page with live pricing, a full year of history and range statistics.
Live prices behind the ratio
| # | Symbol | Name | Rate (USD) |
|---|---|---|---|
| 1 | XAU | Gold | 4647.62 |
| 2 | XAG | Silver | 69.00 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 85.69 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 92.75 |
| 5 | NG-FUT | Natural Gas Futures | 2.77 |
| 6 | PL | Platinum | 1885.63 |
| 7 | PA | Palladium | 1351.00 |
Frequently asked questions
What is the copper futures to lead futures ratio today?
The copper futures to lead futures ratio is 0.003451 — Copper Futures at $6.59 per Pound divided by Lead Futures at $1,909.83 per Metric Ton, from live mid-market prices.
How do you calculate the copper futures to lead futures ratio?
Divide the copper futures price per Pound by the lead futures price per Metric Ton. If the two units differ, the result is a rate rather than a plain count — read it as Metric Tons of lead futures per Pound of copper futures.
What is the inverse of the copper futures to lead futures ratio?
The inverse, lead futures to copper futures, is 289.8 — how many Pounds of copper futures one Metric Ton of lead futures buys.