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.

The Australian copper market fell modestly to $X in 2022, remaining constant against the previous year. Over the period under review, consumption showed a noticeable setback. Copper consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Copper Price in Australia - 2023. Find the latest marketing data on the IndexBox platform.

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.

Refined Copper Price in Australia - 2023. Find the latest marketing data on the IndexBox platform.

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).

For the third consecutive year, the Australian copper market recorded decline in sales value, which decreased by -0.1% to $3.7B in 2024. Overall, consumption showed a mild curtailment. Over the period under review, the market reached the peak level at $4.4B in 2013; however, from 2014 to 2024, consumption remained at a lower figure.

In February 2023, the refined copper price stood at $8,572 per ton (FOB, Australia), rising by 6.2% against the previous month.

In 2023, the export value of copper ore and concentrates in Australia was approximately 6.6 billion Australian dollars. In comparison, Australia's export value of copper was around 5.2 billion Australian dollars that year.

Australia's copper mining industry is experiencing significant shifts, with Sandfire Resources Limited emerging as the leader among ASX-listed copper miners. With a market capitalization of around 5.35 billion Australian dollars in March 2025, Sandfire has taken the top spot following BHP's acquisition of former industry leader OZ Minerals in early 2023. Copper mining in Australia Australia has some of the largest reserves of copper in the world. The leading markets for copper exports from Australia can be found in Asia, with China being the largest Australian copper recipient by value. Since 2019, the production of copper from Australian mines has followed a downward trend, with production quantities only slightly increasing in 2023. Despite this, Australia could play an important role in meeting the rising global demand for this critical mineral. Australia's global mining presence Australia's significance in the global mining industry extends beyond copper. BHP Group Limited, a British-Australian mining giant, leads the metals and mining companies on the ASX with a market capitalization of over 206 billion Australian dollars. BHP's diverse portfolio, which includes coal, copper, and iron ore, contributed to its impressive revenue of around 55.7 billion U.S. dollars in fiscal year 2024. The mining industry's importance to Australia's economy is highlighted by its substantial value addition, exceeding 350 billion Australian dollars in fiscal year 2023, and its role as a major employer in the country.

Australia BHP: Average Realized Price: Copper data was reported at 3.120 USD/lb in Jun 2018. This records a decrease from the previous number of 3.200 USD/lb for Dec 2017. Australia BHP: Average Realized Price: Copper data is updated semiannually, averaging 2.980 USD/lb from Jun 2013 (Median) to Jun 2018, with 11 observations. The data reached an all-time high of 3.400 USD/lb in Jun 2013 and a record low of 2.120 USD/lb in Dec 2015. Australia BHP: Average Realized Price: Copper data remains active status in CEIC and is reported by BHP Billiton Group. The data is categorized under World Trend Plus’s Top Company: Metal and Mining: Asia Excluding China – Table WB.AT003: BHP Billiton Group (BHP): Operational Data.

Australia PPI: Materials Used: Fabricated Metal Products: Copper & Brass data was reported at 249.000 1998-1999=100 in Jun 2012. This records an increase from the previous number of 243.500 1998-1999=100 for Mar 2012. Australia PPI: Materials Used: Fabricated Metal Products: Copper & Brass data is updated quarterly, averaging 123.850 1998-1999=100 from Sep 1985 (Median) to Jun 2012, with 108 observations. The data reached an all-time high of 279.800 1998-1999=100 in Sep 2011 and a record low of 62.300 1998-1999=100 in Dec 1985. Australia PPI: Materials Used: Fabricated Metal Products: Copper & Brass data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.I028: Producer Price Index: 1989-90=100: ANZSIC 2006: Input to the Manufacturing Industry.

In the second quarter of 2021, the production value of copper ore and concentrates in Australia amounted to around 2.06 billion Australian dollars. In the same quarter, the refined copper production value was around 1.23 billion Australian dollars.

Exports - Copper Ores & Concentrates, Copper Mattes & Cement Copper in Australia increased to 396 AUD Million in February from 297 AUD Million in January of 2024. This dataset includes a chart with historical data for Australia Exp - Copper Ores & Concentrates, Copper Mattes &.

The Australian copper matte market was finally on the rise to reach $27M in 2024, after two years of decline. Overall, consumption continues to indicate a noticeable increase. As a result, consumption reached the peak level of $90M. From 2022 to 2024, the growth of the market remained at a somewhat lower figure.

In December 2022, the price of copper ores and concentrates recorded a 6% increase since the previous month, settling at $3,157 per ton (FOB, Australia).

69733 Global export shipment records of Copper with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

Australia PPI: Output: Manufacturing: Primary Metal & Metal: Basic Non Ferrous Metal: Copper, Silver, Lead & Zinc Smelting & Refining data was reported at 223.300 1989-1990=100 in Jun 2012. This records a decrease from the previous number of 224.100 1989-1990=100 for Mar 2012. Australia PPI: Output: Manufacturing: Primary Metal & Metal: Basic Non Ferrous Metal: Copper, Silver, Lead & Zinc Smelting & Refining data is updated quarterly, averaging 99.400 1989-1990=100 from Mar 1983 (Median) to Jun 2012, with 118 observations. The data reached an all-time high of 323.100 1989-1990=100 in Dec 2006 and a record low of 57.600 1989-1990=100 in Mar 1983. Australia PPI: Output: Manufacturing: Primary Metal & Metal: Basic Non Ferrous Metal: Copper, Silver, Lead & Zinc Smelting & Refining data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.I021: Producer Price Index: 1989-90=100: ANZSIC 2006: Output of the Manufacturing Industry.

In July 2024, the average copper ores and concentrates export price amounted to $2,583 per ton, dropping by -23.9% against the previous month.

Examination of copper, nickel, lead and zinc (base metals) exploration expenditure and discovery in Australia over the period 1976-2005 reveals some significant trends. Australia's base metal resource inventory grew substantially as a consequence of successful exploration over the period, both through addition of resources at known deposits and new discoveries, notably a small number of very large deposits that underpin the resource base. In 2005, Australia had the world's largest economic demonstrated resources (EDR) of nickel, lead and zinc, and the second largest EDR of copper. Growth in nickel resources has been especially strong owing to discovery of large laterite resources in the late 1990s. Resource life, in average terms based on current EDR and production, is approximately 30 years for lead and zinc, 40 years for nickel sulphide (120 years for all nickel EDR) and 50 years for copper. Despite this success, major increases in production over the period (copper, nickel and zinc output increasing 3-4 fold, lead output doubling) and a fall in discovery rates during much of the 1990s means that resource life for lead and zinc is lower and nickel sulphide comparable now to that in 1976; only the resource life of copper has grown substantially over the period. Current published ore reserves are sufficient for at least 15 years operations at current production levels, but only a small number of the largest deposits currently being mined are likely to still be in production in 20 years. However, several mines have substantial inferred resources that may allow production beyond current mine reserves and there is a substantial number of undeveloped deposits that may provide the foundation for extended or new mining operations. The discovery record is strongly cyclical with resource growth for all the base metals punctuated by the discovery of giant (world-class) deposits each decade: these underpin current and future production. Recent higher metal prices and renewed interest in base metals, especially nickel, has reversed a 10 year decline in base metal exploration attended by reduced rates of discovery and resulted in record expenditure, new nickel, copper and zinc discoveries, and increased resources at a number of existing deposits, notably the Olympic Dam copper-uranium-gold deposit. With the exception of the Prominent Hill copper-gold and West Musgrave nickel-copper deposits, most of the recent discoveries, especially zinc (-lead) deposits, are of small tonnage (some of high grade). Nevertheless, these new discoveries have helped stimulate further exploration and also highlight the potential for further discoveries in little-explored provinces, especially those under regolith and shallow sedimentary cover.