The copper price on the London Metal Exchange (LME) stood at an average of 420 U.S. cents per pound in 2024. This figure represents an increase of about nine percent in comparison to the previous year and the highest figure during the period under consideration.

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.

Explore the dynamics of the London Metal Exchange copper market, its influence on global economic health, and how to access live data with platforms like Bloomberg and Reuters.

Explore how copper pricing on the London Metal Exchange (LME) impacts various industries and what factors cause its volatility. Learn how geopolitical situations, supply-demand dynamics, and green technology shifts influence copper prices per pound, and why it's termed 'Dr. Copper' for predicting economic trends.

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.

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.

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.

Explore the dynamics of copper trading on the London Metal Exchange (LME), a key market for setting benchmark prices of this essential industrial metal. Understand how factors like global demand, production levels, and economic indicators influence copper prices and discover how to stay updated with the latest market data.

LME Index increased 315.70 points or 8.08% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. LME Index - values, historical data, forecasts and news - updated on March of 2025.

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).

Learn about the LME copper price per kg, a global benchmark crucial for manufacturers, traders, and investors. Understand how supply and demand dynamics, geopolitical factors, and economic indicators influence copper pricing and market trends.

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.

Explore the dynamics of copper prices on the London Metal Exchange, a key indicator of global supply and demand. Learn how economic factors, technological advancements, and market trends shape the price of this versatile metal, crucial for industries like construction and electronics.

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

Chile Average Price: Refined Copper: London Metal Exchange data was reported at 2.691 USD/lb in Jan 2019. This records a decrease from the previous number of 2.764 USD/lb for Dec 2018. Chile Average Price: Refined Copper: London Metal Exchange data is updated monthly, averaging 0.816 USD/lb from Jan 1960 (Median) to Jan 2019, with 709 observations. The data reached an all-time high of 4.476 USD/lb in Feb 2011 and a record low of 0.275 USD/lb in Jan 1961. Chile Average Price: Refined Copper: London Metal Exchange data remains active status in CEIC and is reported by Chilean Copper Commission. The data is categorized under Global Database’s Chile – Table CL.P001: Metal Prices.

In 2024, the average annual London Metal Exchange (LME) price for tin was approximately 14 U.S. dollars per pound, making it the highest-priced base metal that year. Nickel had the second-highest price out of the base metals at that time, with an average annual LME price of approximately 7.70 U.S. dollars per pound in 2024. Although there is no clear-cut definition of the term, base metals usually refer to metals that oxidize easily, and is most commonly categorized as including tin, nickel, copper, zinc, lead, and aluminum.

Explore the dynamics affecting the average copper price on the London Metal Exchange (LME), from supply-demand factors and geopolitical tensions to environmental policies and macroeconomic impacts, reflecting its critical role in global commodities markets.

智利 Average Price: Refined Copper: London Metal Exchange 在2019-01达2.691 USD/lb，相较于2018-12的2.764 USD/lb有所下降。智利 Average Price: Refined Copper: London Metal Exchange 数据按月度更新，1960-01至2019-01期间平均值为0.816 USD/lb，共709份观测结果。该数据的历史最高值出现于2011-02，达4.476 USD/lb，而历史最低值则出现于1961-01，为0.275 USD/lb。CEIC提供的智利 Average Price: Refined Copper: London Metal Exchange 数据处于定期更新的状态，数据来源于Chilean Copper Commission，数据归类于Global Database的智利 – Table CL.P001: Metal Prices。

Explore the intricate pricing mechanisms of copper concentrate on the London Metal Exchange (LME), accounting for LME prices, treatment, and refining charges. Understand market dynamics and factors influencing copper prices, including sustainable energy demand and geopolitical influences.

Explore the factors influencing copper prices on the London Metal Exchange, including economic cycles, supply disruptions, technological advancements, and geopolitical tensions, as of 2023. Understand how global events and market dynamics impact this key industrial metal's pricing.