In November 2024, the average monthly price for copper stood at over 9,000 U.S. dollars per metric ton. This is down from a monthly high exceeding 10,000 U.S. dollars in March 2024, which was among the highest monthly values observed in the past decade.

Copper increased 1.13 USd/LB or 28.38% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Copper - values, historical data, forecasts and news - updated on March of 2025.

This statistic depicts the average annual prices for copper from 2014 through 2026*. In 2023, the average price for copper stood at 8,490 nominal U.S. dollars per metric ton.

In 2021, the average annual market price of copper peaked at 9,322 U.S. dollars per metric ton, before slightly decreasing in 2022 and 2023, when its average price was 8,478 U.S. dollars. Copper consumption Copper is a base metal that has a wide variety of uses, which makes it an important commodity. Equipment production generally accounts on average for one third of copper consumption, making it the largest global end use of copper. The country with the highest demand for copper as of 2022 was China, with a demand amounting to nearly nine million metric tons of copper. Following China was Europe, with a total demand of just over two million metric tons. Copper market prices The London Metal Exchange and Comex both provide market prices for copper. In 2023, the copper price for the London Metal Exchange was about 390 U.S. cents per pound. The average Comex price in 2022 was estimated to be about 400 U.S. cents per pound.

The Iranian copper market dropped slightly to $X in 2022, therefore, remained relatively stable against the previous year. Over the period under review, consumption recorded a noticeable contraction. The pace of growth was the most pronounced in 2017 with an increase of 9.5%. Copper consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

After two years of growth, the Ghanian copper market decreased by -11.1% to $X in 2022. Overall, consumption saw a noticeable decline. Copper consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Copper Price in Turkey - 2023. Find the latest marketing data on the IndexBox platform.

In 2022, the Nigerien copper market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Overall, consumption saw a significant increase. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Copper Price in Singapore - 2022. Find the latest marketing data on the IndexBox platform.

The Iraqi copper market declined slightly to $X in 2022, therefore, remained relatively stable against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Titanium increased 3.50 CNY/KG or 7.87% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for Titanium.

Copper Price in Morocco - 2022. Find the latest marketing data on the IndexBox platform.

In 2022, the Bahraini copper market decreased by -20.3% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption showed a noticeable decline. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

After two years of decline, the Nepalese copper market increased by 20% to $X in 2022. Overall, consumption recorded buoyant growth. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Copper Price in the Philippines - 2023. Find the latest marketing data on the IndexBox platform.

In 2022, the Ethiopian copper market decreased by -7.7% to $X, falling for the fifth consecutive year after two years of growth. Overall, consumption saw a drastic downturn. Copper consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

In 2023, imports of refined copper into Tanzania declined sharply to 103K tons, which is down by -23.4% on the previous year.