Copper fell to 5.45 USD/Lbs on July 14, 2025, down 1.52% from the previous day. Over the past month, Copper's price has risen 13.70%, and is up 20.47% 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.

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

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

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.

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).

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.

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

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.

Why did the Copper Plate Price Change in May 2025? The Copper Plate Price Index in the North American increased by 4.7% q-o-q owing to limited supply and speculative buying. The Copper plate Spot Price in the U.S. market hovered at USD 16,870/mt DEL Alabama by the end of March 2025.

In 2021, the copper price is expected to grow, driven by an increase in demand over supply. Heightened demand for copper is spurred on by a robust pace in construction and rapid development of the electric car industry in the Asia Pacific, the U.S. and the EU. At the same time, copper output still hasn’t fully bounced back after the shock of Covid-19.

Snapshot img

Copper Market Size 2024-2028

The copper market size is forecast to increase by USD 70 billion at a CAGR of 6.78% between 2023 and 2028.

The market is experiencing significant growth, driven by the high demand for copper In the Asia-Pacific region, particularly in China, due to its extensive use in electrical wiring and construction industries. Technological innovations, such as the increasing adoption of electric vehicles and renewable energy sources, are further fueling the demand for copper. However, the market is also facing challenges from the volatility in copper prices, which can impact the profitability of copper producers and consumers alike. Copper prices have been influenced by various factors, including supply and demand imbalances, geopolitical tensions, and economic conditions. To mitigate these challenges, market participants are focusing on improving operational efficiency, exploring new sources of supply, and implementing price risk management strategies.

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

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Copper, the reddish-brown metal known for its excellent conductivity, plays a crucial role in various industries including electrical wiring, transportation, plumbing, telecommunications, and network layouts. Its high conductivity makes it an ideal choice for transmitting electricity and data. In electrical applications, copper is used in transformers, printed circuit boards, and In the manufacturing sectors for machinery and wind turbines. The metal's corrosion resistance, malleability, and antimicrobial properties make it suitable for use in plumbing systems and infrastructure projects.
Moreover, the increasing adoption of electric vehicles, IoT, and electric grids further boosts the demand for copper in power generation, transmission, and electronic devices. Carbon emission regulations also contribute to the growth of the market, as the metal is a key component in low-carbon technologies such as solar panels. Primary copper, which is extracted from ores, and secondary copper, which is recycled, are the two main types of copper used in various industries. Overall, the versatility and unique properties of copper make it an essential metal for numerous applications.

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

The copper industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Application

  Electrical and electronics
  Construction
  Telecommunication
  Transportation
  Others


Type

  Primary
  Secondary


Geography

  APAC

    China
    Japan
    South Korea


  Europe

    Germany
    Spain


  North America

    US
    Canada


  Middle East and Africa

    South Africa


  South America

    Brazil

By Application Insights

The electrical and electronics segment is estimated to witness significant growth during the forecast period.Copper, a redish-brown metal known for its exceptional conductivity, plays a pivotal role in various sectors, including Electrical Wiring, Transportation, Plumbing, Telecommunications, and Infrastructure projects. Its high conductivity makes it an ideal choice for network layouts in power generation applications such as generators, transformers, and transmission lines. Copper's corrosion resistance, malleability, and antimicrobial properties contribute to its extensive use in electrical wiring systems, printed circuit boards, and roofing materials. In the manufacturing sectors, copper is used in machinery, wind turbines, and solar panels due to its superior electrical conductivity. The transportation sector leverages copper in electric vehicles and IoT devices for their electrical systems.

Moreover, power generation and transmission are major consumers of primary copper from mining copper ores and concentrates through smelting and refining processes to produce pure copper cathodes and refined copper products. Carbon emission regulations drive the demand for copper in power generation and transmission, as it is a key component in reducing carbon emissions. Copper's versatility extends to various applications including telecommunications, where it is used In the production of cables and connectors, and in plumbing systems for its resistance to corrosion and durability. Overall, copper's unique properties make it an indispensable element In the modern world, from power generation and transmission to electronic devices and infrastructure projects.

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The electrical and electronics segment was valued at USD 73.50 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to

The copper price on the London Metal Exchange (LME) stood at an average of *** 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.

The global copper market, valued at $273,750 million in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 1.3% from 2025 to 2033. This relatively modest growth reflects a mature market with established applications, but also points towards ongoing demand driven by several key factors. The burgeoning electrical industry, particularly in renewable energy infrastructure (solar, wind power) and electric vehicle (EV) production, is a significant driver of copper consumption. Increased urbanization and infrastructure development globally further fuels demand across various sectors like construction (architecture and art) and transportation. Technological advancements in copper alloys and processing techniques contribute to improved efficiency and broadened applications, partially offsetting potential restraints. However, fluctuating copper prices, influenced by global economic conditions and mining output, pose a challenge to market stability. Competition among major players, including Jintian Group, Jiangxi Copper, Aurubis, and others, is intense, characterized by a focus on innovation, supply chain optimization, and strategic partnerships. Regional variations in growth are anticipated, with Asia-Pacific, driven by robust economic expansion in China and India, expected to remain the dominant market. The segmentation analysis reveals a diverse market landscape. While the exact breakdown of consumption value across different types (plates, wires, rods, etc.) and applications is unavailable, a logical estimation based on industry trends suggests electrical industry applications will constitute the largest segment, followed by the transportation and construction sectors. The "Other" segment within both type and application likely encompasses smaller but significant niche applications and will warrant continued monitoring. Future growth hinges on the interplay between global economic development, technological innovations in copper usage, and policy changes regarding sustainable infrastructure. The long-term forecast requires careful consideration of resource availability, environmental regulations impacting mining, and the continued evolution of competing materials. Sustained investment in research and development within the copper industry is crucial for maximizing its potential in a dynamic and rapidly changing global landscape.

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.

Refined Copper Market Outlook

The global refined copper market size was valued at approximately USD 250 billion in 2023 and is projected to reach around USD 350 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 3.8%. This growth is fueled by the increasing demand for copper in electrical and electronics applications, infrastructure development, and the rising emphasis on renewable energy sources. Copper's unique properties, such as its excellent electrical conductivity, malleability, and resistance to corrosion, make it an essential material in various industries, thereby propelling the market's expansion. As industries continue to innovate and seek sustainable materials, copperÂ’s role becomes even more pivotal, setting the stage for robust growth over the forecast period.

The growth of the refined copper market is significantly driven by the burgeoning electrical and electronics sector. As the backbone of modern electrical systems, copper's application in wiring, circuitry, and components is indispensable. The surge in demand for consumer electronics, along with the expansion of communication networks, underscores the critical role of copper. Furthermore, the advent of 5G technology and the proliferation of data centers are likely to augment the need for copper, given its integral role in supporting energy-efficient and high-speed data transmission. This technological evolution, intertwined with the global digitalization wave, is anticipated to consistently drive the demand for refined copper, further consolidating its market position.

Infrastructure development, particularly in emerging economies, is another pivotal factor contributing to the refined copper market's growth. Rapid urbanization and the expansion of smart city initiatives necessitate substantial investment in infrastructure, where copper is a fundamental material. From power generation and distribution to telecommunications and transportation systems, copper's application is extensive and crucial. Countries in Asia Pacific and Africa, in particular, are witnessing significant investments in infrastructure, enhancing the demand for copper. These regions, characterized by a burgeoning middle class and increasing urban migration, present lucrative opportunities for market growth, driven by the need for improved infrastructure and efficient energy solutions.

The rising emphasis on renewable energy sources is further amplifying the demand for refined copper. As the world shifts towards sustainable energy solutions to combat climate change, the deployment of solar panels, wind turbines, and electric vehicles is accelerating. Copper's superior electrical and thermal conductivity makes it the preferred choice for renewable energy systems, where efficient energy transfer is paramount. The global push towards electrification, particularly in the automotive industry, is expected to significantly drive copper demand as electric vehicles (EVs) require substantial amounts of copper for batteries, motors, and charging infrastructure. This transition to a low-carbon economy is likely to act as a major catalyst for refined copper market growth.

Copper Cathode, a key product in the refined copper market, plays a crucial role in the production of high-quality copper products. These cathodes are essential for manufacturing various electrical components due to their high purity and excellent conductivity. The demand for copper cathode is driven by its widespread use in the electronics industry, where it is used to produce semiconductors and other critical components. Additionally, the construction industry relies heavily on copper cathode for plumbing and roofing applications, given its durability and resistance to corrosion. As the global demand for efficient and sustainable materials continues to rise, copper cathode remains a vital component in meeting these needs, ensuring its continued prominence in the market.

Product Type Analysis

The refined copper market by product type is dominated by cathodes, which serve as the fundamental building block for various copper products. Cathodes are crucial in the production of high-purity copper products, which are essential for electrical applications. The dominance of cathodes is attributed to their high demand in electronics, construction, and industrial machinery. Moreover, the continuous advancements in electro-refining processes have improved the quality and efficiency of cathode production, making them indispensable in the copper supply chain. With

The average annual copper price is forecast to drop by 6% y-o-y to $8,800 per ton this year. Boosting supply in the global copper ore market is to push prices down, while the global demand languishes with slowed construction activity in China.

Goldman Sachs revises copper price forecast upwards due to easing trade tensions and strong demand from China, predicting a supply deficit by 2026.

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

CN: Transaction Price: Electrolyse Copper, No 1: Dalian data was reported at 54,100.000 RMB/Ton in Nov 2019. This records an increase from the previous number of 53,500.000 RMB/Ton for Oct 2019. CN: Transaction Price: Electrolyse Copper, No 1: Dalian data is updated monthly, averaging 43,750.000 RMB/Ton from Dec 1995 (Median) to Nov 2019, with 276 observations. The data reached an all-time high of 75,000.000 RMB/Ton in Feb 2011 and a record low of 15,600.000 RMB/Ton in Dec 2002. CN: Transaction Price: Electrolyse Copper, No 1: Dalian data remains active status in CEIC and is reported by Price Monitoring Center, NDRC. The data is categorized under China Premium Database’s Price – Table CN.PG: Copper Price.

Understanding the trend in scrap copper prices is crucial for those involved in the copper industry. This article explores the fluctuation of scrap copper prices over the years, highlighting the factors that influence them and their impact on the market. From the peak in 2012 to the decline in subsequent years, to the recent signs of recovery in 2021, this article provides valuable insights for making informed business decisions.