Copper fell to 4.42 USD/Lbs on July 31, 2025, down 4.11% from the previous day. Over the past month, Copper's price has fallen 12.45%, but it is still 8.36% higher than a year ago, 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.

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.

Australia Commodity Price Index: Weights: Base Metals: Copper data was reported at 2.800 % in Feb 2013. This stayed constant from the previous number of 2.800 % for Jan 2013. Australia Commodity Price Index: Weights: Base Metals: Copper data is updated monthly, averaging 2.800 % from Feb 2008 (Median) to Feb 2013, with 61 observations. The data reached an all-time high of 2.800 % in Feb 2013 and a record low of 1.800 % in Aug 2009. Australia Commodity Price Index: Weights: Base Metals: Copper data remains active status in CEIC and is reported by Reserve Bank of Australia. The data is categorized under Global Database’s Australia – Table AU.I051: Commodity Price Index: Weights (Old).

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

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

In June 2025, 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.

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.

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.

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.

Copper tube and wire manufacturers are navigating a challenging landscape of intense competition and volatile prices. Major local producers are leveraging economies of scale to contend with mounting import penetration from foreign manufacturers that can offer competitive prices due to their lower production costs. Industry revenue elevated at an annualised 2.9% over the five years through 2024-25 to $755.2 million. This five year uptrend is primarily due to performance and demand recovery from the pandemic. High import penetration has dictated profit margins, limiting many manufacturers’ scope to pass on elevated copper prices to buyers, particularly in 2021-22, where copper prices rose to decade level highs on the back of the revival of the housing and manufacturing sector post-pandemic. More recently, global copper prices have declined, particularly in 2022, contributing to lower annual revenue for copper tube and wire manufacturers. A global transition towards green energy has positioned the industry at a critical junction. Surging demand for renewable infrastructure, including solar photovoltaic systems, electric vehicles and charging stations, is poised to significantly boost global copper consumption. Government initiatives, like Australia's removal of EV tariffs, are supporting EV production, driving new demand streams for copper products used in producing these vehicles. These developments are reshaping downstream manufacturing markets, presenting a critical opportunity for copper tube and wire manufacturers to expand their market share. The Copper Tube and Wire Manufacturing industry faces significant pressure from substitutes, particularly aluminium. Aluminium’s cost-effectiveness makes it an attractive alternative, particularly in the rapidly expanding electric vehicle manufacturing market, but also in industrial, electrical and automotive applications. Industry manufacturers must continuously innovate and explore new market opportunities to maintain their competitive edge and mitigate the potential for substitute materials to erode demand. Overall, revenue is forecast to drop at an annualised 0.1% through the end of 2029-30 to $750.0 million.

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

The Copper, Silver, Lead and Zinc Smelting and Refining industry has faced volatile conditions over recent years due to volatile pricing and refineries generating a high proportion of industry revenue by providing refining and smelting services to mining companies as a third-party service. As mining companies can export ore concentrate overseas to be refined, industry firms that service mining companies need to be price and service competitive. Industry volumes and revenue are greatly influenced by changes in demand for smelting and refining services and the production output of mining companies that also operate in the industry. Overall, industry revenue is expected to climb at an annualised 1.1% over the five years through 2023-24, to an estimated $4.2 billion, mainly due to higher copper prices despite lower refined copper output. Industry revenue is anticipated to fall by 6.2% in 2023-24 as downstream demand weakens and copper production declines greatly.Industry exports are estimated to total $7.8 billion in 2023-24, substantially above industry revenue. Industry refineries often process metal for a fee without taking ownership of it. Exports of this processed metal are counted in industry exports. Industry exports tend to exceed industry revenue.The industry competes with imported refined metals and has progressively lost its share over the past decade. Sophisticated refineries opened in the Asia-Pacific region have outperformed Australian refiners because of greater scale and a more favourable regulatory environment. Revenue is forecast to decrease at an annualised 0.8% over the five years through 2028-29, to an estimated $4.0 billion. Refined copper production volumes are on track to push down, thanks to the anticipated closure of Glencore's copper smelter and refinery in Queensland in 2026. Output and demand for other industry goods, particularly zinc and lead, are set to remain stable, with prices declining. Industry exports are poised to sink owing to lower industry production.

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).

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 &.

Get the latest insights on price movement and trend analysis of Copper Scrap in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

16205 Global import shipment records of Copper Cable with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

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).

The industry has expanded over the past few years on the back of higher commodity prices. Global supply disruptions resulting from the pandemic and the Russia-Ukraine conflict, along with supply constraints, caused prices for commodities like iron ore, nickel and coal to soar over the two years through 2021-22, benefiting wholesalers that serviced foreign buyers and stimulating a revenue expansion. While commodity prices have retracted from their peaks and driven down wholesalers' revenue in the following years, alumina and bauxite supply bottlenecks in China and Guinea have propelled alumina prices in late 2024, boosting Australia's alumina and aluminium export revenue and supporting wholesalers' performance in 2024-25. Heightened steel imports have also given domestic metal and mineral wholesalers an opportunity to source competitively priced grades from abroad, meeting domestic demand while supporting their growth. Revenue is anticipated to have risen at an annualised 1.8% over the five years through 2024-25, including an anticipated 1.8% climb in 2024-25, to $32.6 billion. However, as in most wholesaling industries, profit margins are very slim, and the highly volatile movements have made it hard for many wholesalers to sustain profitability. Larger wholesalers with robust risk-management strategies and supply agreements have adapted better. Meanwhile, smaller players have struggled amid volatile prices, which have caused some smaller wholesalers to exit the industry, resulting in a dip in the number of enterprises over the past five years. Commodity prices are forecast to soften over the medium term, particularly as tensions between major global economies threaten to curtail international trade. Alumina prices spiked in late 2024, but a loosening of supply constraints is anticipated to lower prices in the coming quarters, shrinking wholesalers' revenue base. Weaker Chinese demand, exacerbated by geopolitical frictions like US tariffs and slower global GDP growth, will compound downwards pressure on prices for key commodities like iron ore. However, a rebound in domestic construction activity is set to redirect some wholesalers away from export-focused strategies. As costs stabilise, local residential and commercial projects will likely pick up, with greater emphasis on multi-unit builds and government-backed initiatives like the Housing Australia Future Fund. Over the longer term, there will be a pivot away from fossil fuels, with demand for battery metals – nickel, copper and aluminium – gaining traction as part of the global shift towards cleaner energy. Overall, industry revenue is forecast to dip at an annualised 0.5% over the five years through 2029-30 to $31.9 billion.

China CMOC: C1 Cash Cost: Copper: Australia data was reported at 1.190 USD/lb in Mar 2018. This records an increase from the previous number of 0.920 USD/lb for Dec 2017. China CMOC: C1 Cash Cost: Copper: Australia data is updated quarterly, averaging 0.690 USD/lb from Mar 2014 (Median) to Mar 2018, with 17 observations. The data reached an all-time high of 1.190 USD/lb in Mar 2018 and a record low of 0.530 USD/lb in Jun 2014. China CMOC: C1 Cash Cost: Copper: Australia data remains active status in CEIC and is reported by China Molybdenum Company Limited. The data is categorized under World Trend Plus’s Top Company: Metal and Mining: China – Table WB.CT003: China Molybdenum Company Limited (CMOC): Operational Data.

Snapshot img

Copper Products Market Size 2025-2029

The copper products market size is forecast to increase by USD 86.4 billion, at a CAGR of 6.7% between 2024 and 2029.

The market is experiencing significant growth, driven by key trends such as the increasing emphasis on copper product recycling and advancements in copper alloys. These factors contribute to the market's expansion, despite fluctuations in copper prices. The use of copper alloys in various industries, including construction, automotive, and electrical, continues to increase due to their superior properties, such as conductivity, durability, and resistance to corrosion. Renewable energy technologies, including wind turbines and solar panels, also heavily rely on copper. Moreover, the recycling of copper products is gaining traction as a sustainable solution to reduce the environmental impact of mining and production. These trends are expected to shape the future of the market, offering opportunities for growth and innovation.

What will be the Size of the Copper Products Market During the Forecast Period?

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The market encompasses a diverse range of applications, including wires and cables for electrification in various sectors, electrical components such as dynamos, transformers, motors, electromagnets, switches, and communication cables. Copper's unique properties as an electricity and heat conductor make it an essential component in residential electrical circuits, as well as In the manufacturing of electronic devices and machinery. The market's growth is driven by increasing demand for electrification and the proliferation of electronic devices.
The circular economy and sustainability efforts have also influenced the copper industry, with recycling and the use of copper alloys like cupronickel and sterling silver gaining importance. Investors and policymakers recognize copper's role as a critical resource for the transition to a low-carbon economy, further fueling market expansion. Overall, the market is expected to continue growing, underpinned by its versatility and indispensable role in numerous industries.

How is this Copper Products Industry segmented and which is the largest segment?

The copper products industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Product

  Copper wire
  Copper pipes and tubes
  Copper foil
  Copper sheet
  Others


Application

  Building and construction
  Electrical and electronic products
  Industrial machinery
  Transportation
  Others


Geography

  APAC

    China
    India
    Japan
    South Korea


  North America

    Canada
    US


  Europe

    Germany
    UK


  South America

    Brazil


  Middle East and Africa

By Product Insights

The copper wire segment is estimated to witness significant growth during the forecast period.

Copper wire plays a vital role in various sectors, including residential, commercial, and industrial applications. In residential buildings, it ensures the safe and efficient distribution of power for lighting systems and electrical wiring. In commercial settings, copper wire provides electrical connectivity for lighting fixtures, power outlets, HVAC systems, security systems, and communication networks. Industrial applications include powering machinery, motors, and control systems in manufacturing plants, factories, warehouses, and industrial facilities. Copper's advantages include flexibility and ease of installation. It is also a superior conductor of electricity and heat, making it essential in power generation, transmission, and renewable energy sectors, such as wind turbines and solar panels.

Copper's recyclability aligns with sustainability efforts and circular economy initiatives. Copper's applications extend to electrical devices, wires and cables, dynamos, transformers, motors, electromagnets, switches, communication cables, and housing demand projects like hotels and electric vehicles. Copper's thermal and electrical conductivity is crucial for power plants, generators, transmission lines, and infrastructure investment in transportation equipment and household appliances.

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The copper wire segment was valued at USD 129.70 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 69% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The market in Asia Pacific (APAC) is character