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

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.

Copper fell to 5.54 USD/Lbs on July 11, 2025, down 0.94% from the previous day. Over the past month, Copper's price has risen 14.41%, and is up 20.55% 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.

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.

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.

Graph and download economic data for Global price of Copper (PCOPPUSDQ) from Q1 1990 to Q1 2025 about copper, World, metals, and price.

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

In 2021, the average sales price of copper in China reached to ****** yuan per ton, a significant increase of **** percent compared to 2020. In the past decade, China has seen a similar high copper sales price at ****** yuan per ton in 2011, followed by a sustained decrease until reaching the peak in 2021.

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).

Old COPPER price/book ratio from 2010 to 2020. Price/book ratio can be defined as

The Chinese copper market expanded markedly to $46.2B in 2024, with an increase of 8.1% against the previous year. In general, the total consumption indicated a slight expansion from 2012 to 2024: its value increased at an average annual rate of +1.9% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by -5.0% against 2022 indices.

Japan ExPI: JPY Basis: MRP: NFMS: Non-Ferrous Metal Scrap: Copper Scrap data was reported at 221.500 2020=100 in Feb 2025. This records an increase from the previous number of 217.800 2020=100 for Jan 2025. Japan ExPI: JPY Basis: MRP: NFMS: Non-Ferrous Metal Scrap: Copper Scrap data is updated monthly, averaging 125.750 2020=100 from Jan 2010 (Median) to Feb 2025, with 182 observations. The data reached an all-time high of 245.800 2020=100 in May 2024 and a record low of 81.600 2020=100 in Apr 2020. Japan ExPI: JPY Basis: MRP: NFMS: Non-Ferrous Metal Scrap: Copper 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.I130: Export Price Index: 2020=100: JPY Basis: Metal & Related Products.

In 2024, the Saudi copper market decreased by -20% to $119M for the first time since 2020, thus ending a three-year rising trend. In general, consumption saw a deep downturn. Copper consumption peaked at $408M in 2012; however, from 2013 to 2024, consumption stood at a somewhat lower figure.

In 2022, the global copper market increased by 2.1% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +2.5% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. Global consumption peaked in 2022 and is expected to retain growth in the near future.

Copper demand in South America amounted to a total of 963,977 metric tons in 2020. That was a slight decrease compared to the previous year, when the macro region's total copper demand was over one million metric tons.

United States - Producer Price Index by Industry: Copper, Nickel, Lead and Zinc Mining: Copper Ore and Nickel Ore was 321.00000 Index Dec 2003=100 in September of 2020, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: Copper, Nickel, Lead and Zinc Mining: Copper Ore and Nickel Ore reached a record high of 484.50000 in July of 2011 and a record low of 100.00000 in December of 2003. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Industry: Copper, Nickel, Lead and Zinc Mining: Copper Ore and Nickel Ore - last updated from the United States Federal Reserve on June of 2025.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Copper and Nickel Ores (WPU10210201) from Jul 1991 to Sep 2020 about ore, copper, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

The daily return is defined as R_t=ln⁡(P_t/P_(t-1) ), where P_t and P_(t-1) are the closing prices at day t and t-1, respectively. According to (WHO 2020), March 11, 2020 is the day which the global COVID-19 outbreak is considered as a pandemic. We define the dummy variable D = 0 before this date and D = 1 after that. The daily closing price for COMEX’s copper from January 02, 2018, to December 30, 2022, which was extracted from Nasdaq.

PPI: NM: NFMP: Rolled & Drawn Copper & Copper Alloys (RDCA) data was reported at 185.800 2020=100 in Feb 2025. This records an increase from the previous number of 183.500 2020=100 for Jan 2025. PPI: NM: NFMP: Rolled & Drawn Copper & Copper Alloys (RDCA) data is updated monthly, averaging 156.500 2020=100 from Jan 2020 (Median) to Feb 2025, with 62 observations. The data reached an all-time high of 199.500 2020=100 in Jun 2024 and a record low of 89.700 2020=100 in May 2020. PPI: NM: NFMP: Rolled & Drawn Copper & Copper Alloys (RDCA) data remains active status in CEIC and is reported by Bank of Japan. The data is categorized under Global Database’s Japan – Table JP.I052: Producer Price Index: 2020=100: Nonferrous Metals.

In 2022, the Brazilian copper market decreased by -3.2% to $X, falling for the second consecutive year after two years of growth. The market value increased at an average annual rate of +3.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Copper consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.