Commodity ratio · live
Lead Futures to Copper Futures Ratio
The lead futures to copper futures ratio is 289.8 — Lead Futures at $1,909.83 per Metric Ton divided by Copper Futures at $6.59 per Pound.
Prices as of Aug 24, 2026, 10:35 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Lead Futures to Copper Futures ratio
1.000 T of lead futures = 289.807 Lb of copper futures
Inverse (HG-FUT/LEAD-FUT): 0.003451 — one Pound of copper futures buys that much lead futures.
Near the bottom of its 1 year range — historically compressed. (5th percentile of the last 1 year)
Lead Futures
$1,909.83
per Metric Ton
Copper Futures
$6.59
per Pound
Unit basis: USD per Metric Ton ÷ USD per Pound. The ratio reads as Pounds of copper futures per Metric Ton of lead futures. Prices as of Mon, 24 Aug 2026 10:35:14 GMT.
1Y average
345.8
median 338.1
1Y low
280.1
Aug 6, 2026
1Y high
459.5
Aug 24, 2025
Normal band
305.2–386.5
mean ± 1 std dev
Deviation from mean
-1.38σ
331 observations
Lead Futures to Copper Futures ratio charts
Pick a range once — it applies to the LEAD-FUT/HG-FUT ratio line, the OHLC candles and the Lead Futures / Copper Futures price chart below.
LEAD-FUT/HG-FUT ratio line
How many Lb of Copper Futures one T of Lead Futures buys, over 1Y.
LEAD-FUT/HG-FUT ratio candles
Open, high, low and close of the LEAD-FUT/HG-FUT ratio for each period in the last 1Y.
Lead Futures and Copper Futures prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the lead futures to copper futures ratio
Lead Futures to Copper Futures ratio = Lead Futures price per Metric Ton ÷ Copper Futures price per Pound
The two legs use different units, so the result is a rate — Pounds of copper futures per Metric Ton of lead futures — rather than a plain count.
Worked example, live prices: $1,909.83 ÷ $6.59 = 289.8. The inverse is 0.003451.
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 lead futures to copper futures ratio today?
The lead futures to copper futures ratio is 289.8 — Lead Futures at $1,909.83 per Metric Ton divided by Copper Futures at $6.59 per Pound, from live mid-market prices.
How do you calculate the lead futures to copper futures ratio?
Divide the lead futures price per Metric Ton by the copper futures price per Pound. If the two units differ, the result is a rate rather than a plain count — read it as Pounds of copper futures per Metric Ton of lead futures.
What is the inverse of the lead futures to copper futures ratio?
The inverse, copper futures to lead futures, is 0.003451 — how many Metric Tons of lead futures one Pound of copper futures buys.