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

Copper rose to 5.74 USD/Lbs on July 23, 2025, up 0.21% from the previous day. Over the past month, Copper's price has risen 17.49%, and is up 39.80% 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 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.

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 year in a row, the Canadian copper market recorded decline in sales value, which decreased by -0.4% to $3.7B in 2024. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $4B. From 2022 to 2024, the growth of the market failed to regain momentum.

Canada Import Value: HS: Copper: Waste and Scrap data was reported at 90,466.103 CAD th in Feb 2025. This records an increase from the previous number of 80,056.361 CAD th for Jan 2025. Canada Import Value: HS: Copper: Waste and Scrap data is updated monthly, averaging 20,262.675 CAD th from Jan 1988 (Median) to Feb 2025, with 446 observations. The data reached an all-time high of 90,466.103 CAD th in Feb 2025 and a record low of 3,223.100 CAD th in Jan 1992. Canada Import Value: HS: Copper: Waste and Scrap data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.WB006: Import Value.

Canada Export Price Index: Customs: CM: Copper in Ores, Concentrates & Scrap data was reported at 286.900 2002=100 in Aug 2012. This records a decrease from the previous number of 300.000 2002=100 for Jul 2012. Canada Export Price Index: Customs: CM: Copper in Ores, Concentrates & Scrap data is updated monthly, averaging 253.700 2002=100 from Jan 2002 (Median) to Aug 2012, with 128 observations. The data reached an all-time high of 374.900 2002=100 in Feb 2011 and a record low of 90.500 2002=100 in Jun 2003. Canada Export Price Index: Customs: CM: Copper in Ores, Concentrates & Scrap data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.I029: Export Price Index: 2002=100.

The copper market in the USA and Canada is forecasted to grow from USD 23.09 billion in 2025 to USD 37.88 billion by 2035, advancing at a CAGR of 5.1% over the assessment period.

Mine-level copper data (1953-1984) used in Young, D. (1992), "Cost Specification and Firm Behaviour in a Hotelling Model of Resource Extraction," Canadian Journal of Economics XXV, 41-59. Spreadsheet has 5 tabs (including data and explanatory materials).

Canada Export Price Index: Customs: MM: MO: Copper Ores & Concentrates data was reported at 94.200 2007=100 in Sep 2018. This records an increase from the previous number of 93.400 2007=100 for Aug 2018. Canada Export Price Index: Customs: MM: MO: Copper Ores & Concentrates data is updated monthly, averaging 79.400 2007=100 from Jan 1997 (Median) to Sep 2018, with 261 observations. The data reached an all-time high of 130.600 2007=100 in Feb 2011 and a record low of 36.000 2007=100 in Mar 1999. Canada Export Price Index: Customs: MM: MO: Copper Ores & Concentrates data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.I028: Export Price Index: 2007=100.

Canada Import Value: HS: Copper: Wire of Refined Copper, max cross sectional dimension is 6mm or less data was reported at 4,555.185 CAD th in Feb 2025. This records a decrease from the previous number of 7,984.338 CAD th for Jan 2025. Canada Import Value: HS: Copper: Wire of Refined Copper, max cross sectional dimension is 6mm or less data is updated monthly, averaging 2,499.907 CAD th from Jan 1988 (Median) to Feb 2025, with 446 observations. The data reached an all-time high of 8,310.303 CAD th in Sep 2006 and a record low of 841.413 CAD th in Dec 1990. Canada Import Value: HS: Copper: Wire of Refined Copper, max cross sectional dimension is 6mm or less data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.WB006: Import Value.

Canada Export Value: HS: Copper: Copper Mattes data was reported at 0.000 CAD th in Feb 2025. This stayed constant from the previous number of 0.000 CAD th for Jan 2025. Canada Export Value: HS: Copper: Copper Mattes data is updated monthly, averaging 0.000 CAD th from Jan 1988 (Median) to Feb 2025, with 446 observations. The data reached an all-time high of 17,966.417 CAD th in Oct 2006 and a record low of 0.000 CAD th in Feb 2025. Canada Export Value: HS: Copper: Copper Mattes data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.WB004: Export Value.

Canadian metal producers have benefited from growing economic uncertainty and rising prices as consumers seek safer investments, such as gold and silver. Similarly, growing manufacturing and construction activity following the initial stages of the pandemic caused the price of other metals, including copper and nickel, to skyrocket, enabling refineries to pass down cost increases to buyers. However, refineries have been negatively impacted by normalizing economic conditions and falling metal prices, which place downward pressure on revenue. Growing vertical integration trends have enabled Canadian metal producers to become more competitive by lowering purchase costs and making refineries more profitable. These trends are estimated to raise revenue at a CAGR of 0.3% to $17.7 billion through the end of 2024, with a forecast 2.6% decline estimated for the current year. Refineries in Canada are being increasingly threatened by the rising import penetration, which results in prominent price competition. The lower operating costs and fewer environmental regulations in foreign countries, such as China, give importing companies an advantage over domestic producers by enabling them to offer lower prices. The value of the loonie has remained somewhat stable over recent years, preventing domestic producers from gaining an advantage over foreign producers. However, the weakening demand for nonferrous metals has strained trade activity. Economic conditions are forecast to continue recovering, resulting in weakening metal prices and, therefore, weakening revenue. Stabilizing economic conditions will boost demand from the construction and manufacturing sectors and weaken demand for jewellry and investment metals. The value of the loonie is expected to remain mostly unchanged, enhancing competition from lower-priced imports. As a result, revenue is estimated to rise at a CAGR of 0.2% to $17.9 billion through the end of 2029.

Copper, nickel, lead and zinc mining play a vital role in Canada's economy, positioning it among the world's top ten producers of these metals. As the prices of these metals are subject to global market conditions, there can be significant volatility in revenue and profit. The pandemic constrained growth as many miners were forced to operate at limited capacity, lowering production. As the economy reopened, demand for metals surpassed the available supply, leading to a price surge. This, coupled with mines operating at higher capacity, contributed to overall growth, allowing miners to navigate the period successfully. Even so, as supply chains stabilized, metal prices began to sink from their peak levels, hindering revenue. Overall, revenue is expected to swell at a CAGR of 0.5% to $10.6 billion through the end of 2024, including a 2.4% slump in 2024 alone amid falling metal prices. Environmental concerns have fueled the need for domestic and international copper and nickel. These metals are pivotal in producing various clean energy technologies like electric vehicles, wind turbines and solar panels. Given their high conductivity, copper and nickel are critical components for these innovative products. The need for these metals will surge as Canada transitions toward greener technology. Looking ahead, industry revenue is set to climb at a CAGR of 0.5% to $11.2 billion by the end of 2028. Improvements in market conditions for copper and nickel will help buoy revenue. Increased government funding for infrastructure projects is set to stimulate growth in downstream markets, creating a heightened need for these metals. The depreciation of the Canadian dollar will make domestic metals more competitively priced for foreign countries, leading to a potential rebound in exports and providing an extra boost to industry revenue. Nonetheless, despite these positive developments, the challenge of imports remains a concern for domestic mines.

Canada's exports of copper ore had a total value of 3.5 billion U.S. dollars in 2022. That amounted to a 3.9 percent share of global copper exports that year, and put Canada as the fifth-largest copper ore exporting country based on value.

10519 Global export shipment records of Copper Scrap with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

In September 2022, the copper wire price stood at $11.3 per kg (FOB, Canada), jumping by 24% against the previous month.

Discover the latest import prices for copper in Canada in December 2022, including growth rates and trends over time. Explore data on copper imports by volume and value, as well as key suppliers to the Canadian market.

Canada Import Value: HS: Copper: Unwrought, Copper Cathode and Section of Cathode data was reported at 36,531.415 CAD th in Feb 2025. This records a decrease from the previous number of 37,495.830 CAD th for Jan 2025. Canada Import Value: HS: Copper: Unwrought, Copper Cathode and Section of Cathode data is updated monthly, averaging 4,523.267 CAD th from Jan 1988 (Median) to Feb 2025, with 446 observations. The data reached an all-time high of 188,927.845 CAD th in Aug 2021 and a record low of 0.000 CAD th in Dec 2012. Canada Import Value: HS: Copper: Unwrought, Copper Cathode and Section of Cathode data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.WB006: Import Value.

In September 2022, the copper ores and concentrates price amounted to $8,655 per ton (FOB, Canada), picking up by 38% against the previous month.