This statistic depicts the average annual prices for copper from 2014 through 2026*. In 2024, the average price for copper stood at 9,142 nominal U.S. dollars per metric ton.

In June 2025, the average monthly price for copper stood at over ***** U.S. dollars per metric ton. This is down from a monthly high exceeding ****** U.S. dollars in March 2024, which was among the highest monthly values observed in the past decade.

Graph and download economic data for Global price of Copper (PCOPPUSDM) from Jan 1990 to Jun 2025 about copper, World, metals, and price.

In 2021, the average annual market price of copper peaked at ***** U.S. dollars per metric ton, before slightly decreasing in 2022 and 2023, when its average price was ***** 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 ************ metric tons of copper. Following China was Europe, with a total demand of just over *********** 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 *** U.S. cents per pound. The average Comex price in 2022 was estimated to be about *** U.S. cents per pound.

This statistic shows the average unit value of copper mined in the United States from 2013 to 2014, by mine type. In 2015, copper production from surface mines in the U.S. had an average unit value of ***** U.S. dollars per metric ton.

Denmark Domestic Supply Price Index: Metals: Copper and Ariticles Thereof data was reported at 151.600 2015=100 in Dec 2024. This records a decrease from the previous number of 152.800 2015=100 for Nov 2024. Denmark Domestic Supply Price Index: Metals: Copper and Ariticles Thereof data is updated monthly, averaging 80.500 2015=100 from Jan 1981 (Median) to Dec 2024, with 528 observations. The data reached an all-time high of 152.900 2015=100 in Oct 2024 and a record low of 49.000 2015=100 in Jan 1981. Denmark Domestic Supply Price Index: Metals: Copper and Ariticles Thereof data remains active status in CEIC and is reported by Statistics Denmark. The data is categorized under Global Database’s Denmark – Table DK.I013: Domestic Supply Price Index: 2015=100.

The UK copper market reduced notably to $X in 2022, dropping by -18.9% against the previous year. In general, consumption saw a noticeable curtailment. Copper consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

European Union PPI: EA 20: Mfg: BF: PF: Copper data was reported at 147.800 2015=100 in Dec 2023. This records an increase from the previous number of 146.600 2015=100 for Nov 2023. European Union PPI: EA 20: Mfg: BF: PF: Copper data is updated monthly, averaging 103.100 2015=100 from Jan 2002 (Median) to Dec 2023, with 264 observations. The data reached an all-time high of 166.800 2015=100 in Apr 2022 and a record low of 40.900 2015=100 in Jun 2003. European Union PPI: EA 20: Mfg: BF: PF: Copper data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s European Union – Table EU.I009: Eurostat: Producer Price Index: 2015=100.

The Japanese copper market reduced modestly to $X in 2022, waning by -2.1% against the previous year. Over the period under review, consumption recorded a mild setback. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Japan PPI: W: SW: MS: NS: Copper Scrap & Copper Alloy Scrap data was reported at 0.300 Per 1000 in Apr 2022. This stayed constant from the previous number of 0.300 Per 1000 for Mar 2022. Japan PPI: W: SW: MS: NS: Copper Scrap & Copper Alloy Scrap data is updated monthly, averaging 0.300 Per 1000 from Jan 2015 (Median) to Apr 2022, with 88 observations. The data reached an all-time high of 0.300 Per 1000 in Apr 2022 and a record low of 0.300 Per 1000 in Apr 2022. Japan PPI: W: SW: MS: NS: Copper Scrap & Copper Alloy Scrap data remains active status in CEIC and is reported by Bank of Japan. The data is categorized under Global Database’s Japan – Table JP.I067: Producer Price Index: 2015=100: Weight.

In 2022, the Israeli copper market increased by 108% to $X for the first time since 2018, thus ending a three-year declining trend. In general, consumption, however, continues to indicate a noticeable slump. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

The Copper Production industry's revenue is expected to contract at a compound annual rate of 0.9% over the five years through 2024-25 to £631.9 million. The price of copper has been highly volatile – Chilean miner strikes threatened global copper supplies in 2019-20 and 2022-23 at the largest copper mines in the world, Escondido and Codelco. While dwindling production volumes in Codelco in 2023-24 have tightened global supplies, inflating prices. Higher copper prices have inflated copper manufacturers revenue and purchasing costs. However, producers who are reliant on scrap benefit from price rises. Revenue is estimated to hike by 3.3% in 2024-25 to £664.7 million, with the average profit margin set to be 2.4%. Owing to high copper prices ballooning revenue and growing demand from electric vehicle manufacturing and other manufacturing activities. While copper is used extensively in electrical products used in construction, low construction activity owing to high borrowing costs is set to continue limiting demand for copper pipes and tubes used in construction. Revenue is expected to grow at a compound annual rate of 4.2% to £776.2 million over the five years through 2029-30. As the UK continues to struggle with a housing crisis, the use of copper wire in electrical systems will grow, supporting manufacturers. Copper cabling is set to be replaced with thinner and faster fibre optic cables, negatively impacting copper sales. However, the reliance of renewable energy generator manufacturers on copper means that investment in renewable energy will boost sales.

Japan Import Value Index: Copper data was reported at 104.940 2015=100 in Jul 2018. This records a decrease from the previous number of 120.380 2015=100 for Jun 2018. Japan Import Value Index: Copper data is updated monthly, averaging 104.940 2015=100 from Jan 2005 (Median) to Jul 2018, with 163 observations. The data reached an all-time high of 166.620 2015=100 in Jan 2007 and a record low of 38.340 2015=100 in Nov 2015. Japan Import Value Index: Copper data remains active status in CEIC and is reported by Ministry of Finance. The data is categorized under Global Database’s Japan – Table JP.JA073: Imports Value Index: 2015=100.

Japan EPI: W: MRP: NM: Copper & Copper Alloy Rolled & Extruded Pdts (CC) data was reported at 4.700 Per 1000 in Apr 2022. This stayed constant from the previous number of 4.700 Per 1000 for Mar 2022. Japan EPI: W: MRP: NM: Copper & Copper Alloy Rolled & Extruded Pdts (CC) data is updated monthly, averaging 4.700 Per 1000 from Jan 2015 (Median) to Apr 2022, with 88 observations. The data reached an all-time high of 4.700 Per 1000 in Apr 2022 and a record low of 4.700 Per 1000 in Apr 2022. Japan EPI: W: MRP: NM: Copper & Copper Alloy Rolled & Extruded Pdts (CC) data remains active status in CEIC and is reported by Bank of Japan. The data is categorized under Global Database’s Japan – Table JP.I143: Export Price Index: 2015=100: Weight.

Japan IMPI: W: MRP: MM: MS: Copper & Copper Alloy Scrap data was reported at 3.600 Per 1000 in Apr 2022. This stayed constant from the previous number of 3.600 Per 1000 for Mar 2022. Japan IMPI: W: MRP: MM: MS: Copper & Copper Alloy Scrap data is updated monthly, averaging 3.600 Per 1000 from Jan 1980 (Median) to Apr 2022, with 508 observations. The data reached an all-time high of 3.600 Per 1000 in Apr 2022 and a record low of 3.600 Per 1000 in Apr 2022. Japan IMPI: W: MRP: MM: MS: Copper & Copper Alloy Scrap data remains active status in CEIC and is reported by Bank of Japan. The data is categorized under Global Database’s Japan – Table JP.I200: Import Price Index: 2015=100: Weight.

In 2017, articles of copper imports into the United Arab Emirates amounted to X tons, coming down by -X% against the previous year. Overall, articles of copper imports continue to indicate a drastic decline. The pace of growth was the most pronounced in 2012, an increase of X% year-to-year. The United Arab Emirates imports peaked of X tons in 2015; however, from 2016 to 2017, it failed to regain its strength.In value terms, articles of copper imports stood at $X in 2017.

Industry revenue for the Copper Ore Mining industry in China is expected to increase at an annualized 10.4% over the five years through 2022. The industry has performed largely in line with downstream demand for copper products. As copper prices rose, industry revenue increased by 0.9% in 2017, to total $13.6 trillion. Industry revenue decreased by 0.3% in 2018, due to weak downstream demand. In 2020, due to the impact of the COVID-19 pandemic, copper prices skyrocketed along with inflation. As a result, industry revenue growth rate rose at a rate of 23.1%. China is currently heavily investing in the construction of 5G infrastructure in 2022, and encouraging more consumers buy new energy vehicles. These trends are anticipated to drive demand for raw material copper, supporting industry activity. The industry's revenue in 2022 is expected to climb 5.6% to reach $22.3 trillion.

Graph and download economic data for Producer Price Index by Industry: Nonferrous Metal (Except Aluminum) Smelting and Refining: Primary Nonferrous Metal, Except Copper and Aluminum (DISCONTINUED) (PCU3314103314109) from Dec 2011 to Oct 2015 about nonferrous metals, refined, copper, aluminum, primary, metals, PPI, industry, inflation, price index, indexes, price, and USA.

Copper, Nickel, Lead and Zinc Miners have seen modest revenue growth since 2019, in spite of disruptions stemming from the COVID-19 pandemic and volatile demand from China. Minerals produced by the industry are key inputs in construction, electronics and automobiles, leading demand to fluctuate in unison with overall global economic activity. Specifically, China's vast appetite for copper and other metals creates a robust and direct relationship between Chinese demand and global market conditions. Overall, industry revenue has been growing at an estimated CAGR of 1.1% to reach $13.2 billion in 2024 when revenue is set to decline 0.9% and profit is set to have fallen amid mounting costs.Despite restrictions inhibiting industry growth during the pandemic, the industry made a strong recovery in 2021, in line with flourishing economic conditions. Global copper, lead and zinc prices spiked as the economy rapidly reopened, with increased manufacturing activity meeting a constrained supply chain, driving up prices and therefore miners’ revenue. Since then, industry revenue has seen steady declines as easing supply chain issues and poor Chinese economic performance have driven down industry-relevant commodity prices. At the same time, the competitive and extremely capital-intensive landscape has forced some companies to exit the industry.Industry revenue is expected to grow at a CAGR of 0.3% to $13.4 billion over the next five years. Companies will continue to seek additional measures to reduce operating costs, as profitability has been historically volatile and will remain unstable. Mineral prices will continue to display high levels of volatility, with the prices of zinc, copper and lead set to remain below the highs of the previous period. Consolidation efforts will continue as domestic and foreign companies continue investing or acquiring assets on an international scale, reflecting the increasing globalization of the mining sector.

In 2017, the amount of articles of copper imported into South Africa totaled X tons, falling by -X% against the previous year. Overall, articles of copper imports continue to indicate a sharp downturn. The most prominent rate of growth was recorded in 2010, when the imports increased by X% year-to-year. South Africa imports peaked of X tons in 2015; however, from 2016 to 2017, it failed to regain its strength.In value terms, articles of copper imports totaled $X in 2017.