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.

About This Dataset: Copper Prices and Market Trends

    This dataset provides **insights into copper prices**, including current rates, historical trends, and key factors affecting price fluctuations. Copper is essential in **construction**, **electronics**, and **transportation** industries. Investors, traders, and analysts use accurate copper price data to guide decisions related to **trading**, **futures**, and **commodity investments**.

    ### **Key Features of the Dataset**

    #### **Live Market Data and Updates**
    Stay updated with the latest **copper price per pound** in USD. This data is sourced from exchanges like the **London Metal Exchange (LME)** and **COMEX**. Price fluctuations result from **global supply-demand shifts**, currency changes, and geopolitical factors.

    #### **Interactive Copper Price Charts**
    Explore **dynamic charts** showcasing real-time and historical price movements. These compare copper with **gold**, **silver**, and **aluminium**, offering insights into **market trends** and inter-metal correlations.

    ### **Factors Driving Copper Prices**

    #### **1. Supply and Demand Dynamics**
    Global copper supply is driven by mining activities in regions like **Peru**, **China**, and the **United States**. Disruptions in production or policy changes can cause **supply shocks**. On the demand side, **industrial growth** in countries like **India** and **China** sustains demand for copper.

    #### **2. Economic and Industry Trends**
    Copper prices often reflect **economic trends**. The push for **renewable energy** and **electric vehicles** has boosted long-term demand. Conversely, economic downturns and **inflation** can reduce demand, lowering prices.

    #### **3. Impact of Currency and Trade Policies**
    As a globally traded commodity, copper prices are influenced by **currency fluctuations** and **tariff policies**. A strong **US dollar** typically suppresses copper prices by increasing costs for international buyers. Trade tensions can also disrupt **commodity markets**.

    ### **Applications and Benefits**

    This dataset supports **commodity investors**, **traders**, and **industry professionals**:

    - **Investors** forecast price trends and manage **investment risks**. 
    - **Analysts** perform **market research** using price data to assess **copper futures**. 
    - **Manufacturers** optimize supply chains and **cost forecasts**.

    Explore more about copper investments on **Money Metals**:

    - [**Buy Copper Products**](https://www.moneymetals.com/buy/copper) 
    - [**95% Copper Pennies (Pre-1983)**](https://www.moneymetals.com/pre-1983-95-percent-copper-pennies/4) 
    - [**Copper Buffalo Rounds**](https://www.moneymetals.com/copper-buffalo-round-1-avdp-oz-999-pure-copper/297)

    ### **Copper Price Comparisons with Other Metals**

    Copper prices often correlate with those of **industrial** and **precious metals**:

    - **Gold** and **silver** are sensitive to **inflation** and currency shifts. 
    - **Iron ore** and **aluminium** reflect changes in **global demand** within construction and manufacturing sectors.

    These correlations help traders develop **hedging strategies** and **investment models**.

    ### **Data Variables and Availability**

    Key metrics include:

    - **Copper Price Per Pound:** The current market price in USD. 
    - **Copper Futures Price:** Data from **COMEX** futures contracts. 
    - **Historical Price Trends:** Long-term movements, updated regularly. 

    Data is available in **CSV** and **JSON** formats, enabling integration with analytical tools and platforms.

    ### **Conclusion**

    Copper price data is crucial for **monitoring global commodity markets**. From **mining** to **investment strategies**, copper impacts industries worldwide. Reliable data supports **risk management**, **planning**, and **economic forecasting**.

    For more tools and data, visit the **Money Metals** [Copper Prices Page](https://www.moneymetals.com/copper-prices).

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

Discover the latest import prices for copper in Canada in December 2022, including growth rates and trends over time. Explore data on copper imports by volume and value, as well as key suppliers to the Canadian market.

Zambia Copper Export: LME Price data was reported at 6,215.900 USD/Tonne in Oct 2018. This records an increase from the previous number of 6,020.000 USD/Tonne for Sep 2018. Zambia Copper Export: LME Price data is updated monthly, averaging 6,860.205 USD/Tonne from Jan 2010 (Median) to Oct 2018, with 106 observations. The data reached an all-time high of 9,867.600 USD/Tonne in Feb 2011 and a record low of 4,462.750 USD/Tonne in Jan 2016. Zambia Copper Export: LME Price data remains active status in CEIC and is reported by Central Statistical Office. The data is categorized under Global Database’s Zambia – Table ZM.P004: Average Copper and Crude Oil Price.

The report covers Copper Usage by Industry and is segmented by End-user Industry (Automotive and Heavy Equipment, Construction, Electrical and Electronics, Industrial, and Other End-user Industries) and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report offers market size and forecast for the copper market in volume (kilo tons) for all the above segments.

In the third quarter (Q3) of 2024, the global price of copper amounted to more than 9,000 U.S. dollars per metric ton. Between Q4 2022 and Q3 2024, the highest price of copper worldwide was in Q2 2024, when it reached almost 9,750 U.S. dollars per metric ton.

In May 2023, the Copper Foil price was $21,392 per ton (FOB, Hong Kong), showing a decrease of -6.6% compared to the previous month.

CN: Transaction Price: Electrolyse Copper, No 1: Xiamen data was reported at 47,070.000 RMB/Ton in Nov 2019. This records a decrease from the previous number of 47,270.000 RMB/Ton for Oct 2019. CN: Transaction Price: Electrolyse Copper, No 1: Xiamen data is updated monthly, averaging 38,945.000 RMB/Ton from Dec 1995 (Median) to Nov 2019, with 266 observations. The data reached an all-time high of 72,400.000 RMB/Ton in Mar 2011 and a record low of 10,500.000 RMB/Ton in Jan 2000. CN: Transaction Price: Electrolyse Copper, No 1: Xiamen data remains active status in CEIC and is reported by Price Monitoring Center, NDRC. The data is categorized under China Premium Database’s Price – Table CN.PG: Copper Price.

Transaction Price: Electrolyse Copper, Number 1: Harbin data was reported at 47,700.000 RMB/Ton in Nov 2019. This records a decrease from the previous number of 48,000.000 RMB/Ton for Oct 2019. Transaction Price: Electrolyse Copper, Number 1: Harbin data is updated monthly, averaging 42,000.000 RMB/Ton from Dec 1995 (Median) to Nov 2019, with 279 observations. The data reached an all-time high of 74,000.000 RMB/Ton in Feb 2011 and a record low of 15,500.000 RMB/Ton in Dec 2001. Transaction Price: Electrolyse Copper, Number 1: Harbin data remains active status in CEIC and is reported by Price Monitoring Center, NDRC. The data is categorized under China Premium Database’s Price – Table CN.PG: Copper Price.

Transaction Price: Electrolyse Copper, Number 1: Nanchang data was reported at 47,636.670 RMB/Ton in Sep 2019. This records a decrease from the previous number of 49,320.000 RMB/Ton for Feb 2019. Transaction Price: Electrolyse Copper, Number 1: Nanchang data is updated monthly, averaging 19,000.000 RMB/Ton from Dec 1995 (Median) to Sep 2019, with 99 observations. The data reached an all-time high of 49,916.670 RMB/Ton in Nov 2018 and a record low of 15,000.000 RMB/Ton in Dec 2001. Transaction Price: Electrolyse Copper, Number 1: Nanchang data remains active status in CEIC and is reported by Price Monitoring Center, NDRC. The data is categorized under China Premium Database’s Price – Table CN.PG: Copper Price.

In May 2023, the price of Copper Ore reached $8,226 per ton (FOB, US), marking a 10% increase compared to the previous month.

CN: Transaction Price: Electrolyse Copper, No 1: Changsha data was reported at 47,090.000 RMB/Ton in Nov 2019. This records a decrease from the previous number of 47,440.000 RMB/Ton for Oct 2019. CN: Transaction Price: Electrolyse Copper, No 1: Changsha data is updated monthly, averaging 41,955.000 RMB/Ton from Dec 1995 (Median) to Nov 2019, with 279 observations. The data reached an all-time high of 74,150.000 RMB/Ton in Feb 2011 and a record low of 15,500.000 RMB/Ton in Aug 2002. CN: Transaction Price: Electrolyse Copper, No 1: Changsha data remains active status in CEIC and is reported by Price Monitoring Center, NDRC. The data is categorized under China Premium Database’s Price – Table CN.PG: Copper Price.

Zambia Commodity Prices: Copper data was reported at 6,222.440 USD/Tonne in Oct 2018. This records an increase from the previous number of 6,074.270 USD/Tonne for Sep 2018. Zambia Commodity Prices: Copper data is updated monthly, averaging 6,341.039 USD/Tonne from Jan 2013 (Median) to Oct 2018, with 70 observations. The data reached an all-time high of 8,070.559 USD/Tonne in Feb 2013 and a record low of 4,471.250 USD/Tonne in Jan 2016. Zambia Commodity Prices: Copper data remains active status in CEIC and is reported by Bank of Zambia. The data is categorized under Global Database’s Zambia – Table ZM.P001: Commodity Price.

The average copper ores and concentrates import price stood at $3,228 per ton in July 2024, with an increase of 26% against the previous month.

Transaction Price: Electrolyse Copper, Number 1: Beijing data was reported at 30,000.000 RMB/Ton in Mar 2009. This stayed constant from the previous number of 30,000.000 RMB/Ton for Feb 2009. Transaction Price: Electrolyse Copper, Number 1: Beijing data is updated monthly, averaging 22,500.000 RMB/Ton from Dec 1995 (Median) to Mar 2009, with 150 observations. The data reached an all-time high of 72,690.000 RMB/Ton in Apr 2007 and a record low of 15,500.000 RMB/Ton in Jul 1999. Transaction Price: Electrolyse Copper, Number 1: Beijing data remains active status in CEIC and is reported by Price Monitoring Center, NDRC. The data is categorized under China Premium Database’s Price – Table CN.PG: Copper Price.

CN: Transaction Price: Electrolyse Copper, No 1: Haikou data was reported at 25,000.000 RMB/Ton in Dec 2003. This stayed constant from the previous number of 25,000.000 RMB/Ton for Nov 2003. CN: Transaction Price: Electrolyse Copper, No 1: Haikou data is updated monthly, averaging 24,000.000 RMB/Ton from Dec 1995 (Median) to Dec 2003, with 24 observations. The data reached an all-time high of 28,000.000 RMB/Ton in Jan 1996 and a record low of 15,100.000 RMB/Ton in Mar 2000. CN: Transaction Price: Electrolyse Copper, No 1: Haikou data remains active status in CEIC and is reported by Price Monitoring Center, NDRC. The data is categorized under China Premium Database’s Price – Table CN.PG: Copper Price.