Copper fell to 5.45 USD/Lbs on July 14, 2025, down 1.52% from the previous day. Over the past month, Copper's price has risen 13.70%, and is up 20.47% compared to the same time last year, 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 July of 2025.

Interactive chart of historical daily COMEX copper prices back to 1971. The price shown is in U.S. Dollars per pound.

In November 2024, 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.

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 September 2022, the copper foil price stood at $18.6 per kg (CIF, China), declining by -9.1% against the previous month.

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).

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.

Copper prices significantly declined in March 2023, falling to $12,131 per ton (CIF, Germany) - a drop of -30.8% from the previous month.

European Import of Copper Wire Share by Country (Kilograms), 2023 Discover more data with ReportLinker!

Indonesia Export: Volume: Copper data was reported at 32.096 kg mn in May 2019. This records an increase from the previous number of 26.279 kg mn for Apr 2019. Indonesia Export: Volume: Copper data is updated monthly, averaging 23.274 kg mn from Jan 2012 (Median) to May 2019, with 89 observations. The data reached an all-time high of 44.612 kg mn in Dec 2012 and a record low of 11.731 kg mn in Dec 2018. Indonesia Export: Volume: Copper data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Indonesia Premium Database’s Foreign Trade – Table ID.JAE025: Export: Commodities by Country: Copper.

The data set is part of a LCA study on copper products. The study is based on recent industry data supplied by the European copper industry, and thus reflecting the reality in copper semis fabrication. Copper wiring is the standard in residential building wire and its use in transformers and motor driven systems helps to increase energy efficiency. In electrical applications, while the use phase is the most important in the overall Life Cycle Assessment, the economic value of copper scrap, based on its ability to be recycled 100% without any loss in performance, must also be included in comparative assessments. Given the broad range of wire diameters in use in the market, the data provided is for one metre of uninsulated copper wire, with a cross section of one square millimetre. The data values should be adjusted to fit the exact wire size for any given application. For example, a typical residential building wire has a cross section of 2.5 square millimetres.

Technical Purpose: Copper wire for usage in electric motors (all kind of electric coils), conductors, inductors as well as for wiring in cars, houses / buildings, ships, aircrafts, etc.

Geographical Representation: EU-25

Extractable Copper (mg/kg): Essential micronutrient that activates enzymes in plants. The data generated by MoA-ATI (EthioSIS Project) using thousands of field-lab data and satellite data (Covariates) as an input in machine learning models.

Canada Import Volume: HS: Copper: Cement Copper data was reported at 0.000 kg in Feb 2025. This stayed constant from the previous number of 0.000 kg for Jan 2025. Canada Import Volume: HS: Copper: Cement Copper data is updated monthly, averaging 0.000 kg from Jan 1988 (Median) to Feb 2025, with 446 observations. The data reached an all-time high of 6,528,697.000 kg in Oct 2005 and a record low of 0.000 kg in Feb 2025. Canada Import Volume: HS: Copper: Cement Copper data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.WB005: Import Volume.

Canada Import Volume: HS: Copper: Pipe or Tube Fitting of Refined Copper data was reported at 147,303.000 kg in Jan 2025. This records a decrease from the previous number of 169,967.000 kg for Dec 2024. Canada Import Volume: HS: Copper: Pipe or Tube Fitting of Refined Copper data is updated monthly, averaging 126,287.000 kg from Jan 1988 (Median) to Jan 2025, with 445 observations. The data reached an all-time high of 1,229,488.000 kg in Jul 2017 and a record low of 9,666.000 kg in Dec 1990. Canada Import Volume: HS: Copper: Pipe or Tube Fitting of Refined Copper data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.WB005: Import Volume.

The data set is part of a LCA study on copper products. The study is based on recent industry data supplied by the European copper industry, and thus reflecting the reality in copper semis fabrication. In comparing copper architectural sheets with other roofing and facade materials by means of Life Cycle Assessment should be based on the functional unit, with a sheet thickness of 0.6 mm. This thickness is the most commonly available in the market today for roofing purposes. The use phase of copper roofing is one of the longest, easily reaching well beyond 100 years. Copper church roofs still functional after more than 500 years are known. The type of covering and the inclination of the roof should also be considered. The mass of one m2 of sheet may not necessarily be equivalent to one m2 of roof or one m2 of building surface. The specific properties of each material, the underlying support structures and the design all need to be considered. Many cradle to grave life cycle assessment studies have shown that the environmental aspects from the use and end of life phases of products are often significant. The economic value of copper scrap, based on its ability to be recycled 100% without any loss in performance, must be included in comparative assessments.

Technical Purpose: Copper sheet is typically used in building and construction (roofing, cladding, etc.). For industrial use e.g. electrical engineering the thickness is in general finer.

Geographical Representation: EU-25

In January 2023, the copper stranded wire price grew by 7% to $11,922 per ton (FOB, Germany) compared to the previous month.

The data set is part of a LCA study on copper products. The study is based on recent industry data supplied by the European copper industry, and thus reflecting the reality in copper semis fabrication. In comparative studies on tubes for various plumbing systems, e.g. drinking water, heating and gas, it is misleading to simply consider the impact of 1 m of tube made from different materials. Plumbing systems are normally designed to transport specified volumes of fluids, with different tube diameters and wall thicknesses required dependent on the choice of material. In addition, consideration must be given to the different design practices, installation and jointing standards and regulatory requirements for each. Many cradle to grave life cycle assessment studies have shown that the environmental aspects from the use and end of life phases of products are often significant. The economic value of copper scrap, based on its ability to be recycled 100% without any loss in performance, must be included in comparative assessments.

Technical Purpose: Copper tube is typically used in building and construction (roofing, cladding, etc.).

Geographical Representation: EU-25

The copper production and initial processing industry has increased its turnover over the last five years. On average, there was annual growth of 4.9%. Industry players benefited from an overall rise in the price of copper and growing demand for this metal. The rise in the price of copper since 2020 has contributed significantly to the industry's growth. The transition to e-mobility also played an important role, as electric vehicles require around three times as much copper as conventional vehicles. Despite the positive trend, there were temporary declines in sales due to economic fluctuations and challenges.Copper manufacturers are likely to record a 3.1% decline in turnover in the current year. This means that industry turnover is expected to amount to 24.5 billion euros in 2025. Copper recycling is currently becoming increasingly important. As domestic deposits are low, German copper producers are increasingly focussing on recycling. This reduces dependence on imports and significantly reduces energy consumption. Over the past five years, the profit margin has been subject to moderate volatility. In the current year, the weak construction sector is likely to have a negative impact on the industry's profit margin. In view of the slowdown in the construction industry, copper producers are adjusting their strategies and focussing more on other growth areas such as electromobility and renewable energies. The industry is investing in technological innovations and optimising its production processes in order to increase efficiency and sustainability. Climate-friendly solutions are being developed to reduce environmental pollution. This includes the development of innovative, lead-free copper alloys in order to fulfil stricter EU directives. For the period between 2025 and 2030, IBISWorld expects industry turnover to increase by an average of 0.8% per year. In 2030, industry turnover is expected to amount to 25.4 billion euros. Copper is also likely to play a central role in the energy transition in the coming years, not least because of its suitability for hydrogen-based technologies. The material properties of copper make it ideal for this transition. At the same time, Asia is gaining in importance as the most important global sales market, while Europe and the USA are losing market relevance. This shift is prompting European manufacturers to adapt their business models to capitalise on sales opportunities in Asia, while at the same time increasing their efficiency through advanced technologies. Investment in innovative manufacturing processes and increased recovery of copper from scrap is essential. Strategic partnerships with research organisations and technology providers are key to developing sustainable solutions and remaining a major player in the global market.

Turkey Industrial Production: NACE 2: Vol: Copper Wire data was reported at 291,950.713 kg th in 2016. This records an increase from the previous number of 279,824.372 kg th for 2015. Turkey Industrial Production: NACE 2: Vol: Copper Wire data is updated yearly, averaging 220,046.765 kg th from Dec 2005 (Median) to 2016, with 12 observations. The data reached an all-time high of 291,950.713 kg th in 2016 and a record low of 156,651.387 kg th in 2006. Turkey Industrial Production: NACE 2: Vol: Copper Wire data remains active status in CEIC and is reported by Turkish Statistical Institute. The data is categorized under Global Database’s Turkey – Table TR.B013: Industrial Production: NACE 2: Volume.

In August 2022, the copper price per ton amounted to $6 per kg, surging by 62% against the previous month.