Copper rose to 5.19 USD/Lbs on December 2, 2025, up 0.35% from the previous day. Over the past month, Copper's price has risen 3.22%, and is up 25.36% 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 December of 2025.

This statistic depicts the average annual prices for copper from 2014 through 2026*. In 2024, the average price for copper stood at 9,142 nominal U.S. dollars per metric ton.

View monthly updates and historical trends for Copper Price. Source: World Bank. Track economic data with YCharts analytics.

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.

LME Index rose to 4,700 Index Points on October 29, 2025, up 0.79% from the previous day. Over the past month, LME Index's price has risen 7.33%, and is up 13.22% compared to the same time last year, 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 December of 2025.

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.

The demand for copper in the UK is on the rise, leading to an expected upward consumption trend over the next decade. Market performance is forecasted to increase slightly, with a projected CAGR of +1.5% from 2024 to 2035. By the end of 2035, the market volume is expected to reach 12K tons, with a market value of $116M in nominal prices.

Index Time Series for Global X Copper Miners UCITS ETF USD Acc. The frequency of the observation is daily. Moving average series are also typically included. NA

Lead rose to 2,003.78 USD/T on December 2, 2025, up 0.11% from the previous day. Over the past month, Lead's price has fallen 1.32%, and is down 3.99% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Lead - values, historical data, forecasts and news - updated on December of 2025.

Aluminum fell to 2,884.05 USD/T on December 2, 2025, down 0.29% from the previous day. Over the past month, Aluminum's price has fallen 0.99%, but it is still 10.42% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Aluminum - values, historical data, forecasts and news - updated on December of 2025.

Nickel fell to 14,879.88 USD/T on December 3, 2025, down 0.20% from the previous day. Over the past month, Nickel's price has fallen 1.20%, and is down 7.47% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Nickel - values, historical data, forecasts and news - updated on December of 2025.

United Kingdom ExPI: EU: BM: Copper data was reported at 165.500 2015=100 in Jan 2025. This records an increase from the previous number of 164.900 2015=100 for Dec 2024. United Kingdom ExPI: EU: BM: Copper data is updated monthly, averaging 155.300 2015=100 from Mar 2020 (Median) to Jan 2025, with 59 observations. The data reached an all-time high of 176.600 2015=100 in Jun 2024 and a record low of 119.200 2015=100 in Apr 2020. United Kingdom ExPI: EU: BM: Copper data remains active status in CEIC and is reported by Office for National Statistics. The data is categorized under Global Database’s United Kingdom – Table UK.I043: Export Price Index: 2015=100.

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Copper Wire Market Size 2025-2029

The copper wire market size is forecast to increase by USD 51.1 billion, at a CAGR of 6.2% between 2024 and 2029. The market is experiencing significant growth due to the expanding communication and electrical and electronics industries. The increasing demand for advanced connectivity solutions and the proliferation of digital devices are driving the need for more copper wires.

Major Market Trends & Insights

APAC dominated the market and contributed 72% to the growth during the forecast period.
The market is expected to grow significantly in Europe region as well over the forecast period.
Based on the Type, the low voltage segment led the market and was valued at USD 63.40 billion of the global revenue in 2023.
Based on the End-user, the electrical and electronics segment accounted for the largest market revenue share in 2023.

Market Size & Forecast

Market Opportunities: USD 58.13 Billion
Future Opportunities: USD 51.11 Billion
CAGR (2024-2029): 6.2%
APAC: Largest market in 2023

Moreover, the transition towards renewable energy sources is contributing to the market's growth, as copper wires are essential components in solar panels and wind turbines. However, the market faces challenges from strict air quality standards for copper smelters. These regulations aim to reduce emissions and improve environmental sustainability, leading to increased operational costs for copper wire manufacturers. Companies in the copper wire industry must navigate these challenges by investing in innovative technologies and adhering to regulatory requirements to remain competitive and capitalize on the market's opportunities.

What will be the Size of the Copper Wire Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market continues to evolve, driven by the diverse applications across various sectors. In the realm of electronics, copper wire plays a pivotal role in coil winding processes for printed circuit boards and magnet wire enameling. Copper's high conductivity makes it an ideal choice for electrical motor windings, where the copper wire diameter and gauge significantly impact performance. Stranded copper wire, with its enhanced flexibility, is essential in wire harness design for automobiles and the aviation industries. Copper's electrical resistance properties are crucial in transformer construction and power transmission lines. Oxygen-free copper wire, with its enhanced electrical conductivity, is increasingly used in high-performance applications.

The copper wire manufacturing process includes copper wire coating, spooling, and stripping. Advanced techniques like annealing, tinning, and litze wire construction contribute to improved copper wire properties, such as elongation and electromagnetic shielding. Recycling copper wire is a significant trend, with the industry expecting a 5% annual growth rate. For instance, a leading automotive manufacturer reduced its carbon footprint by 15% by implementing a copper wire recycling program. The continuous unfolding of market activities and evolving patterns underscores the dynamic nature of the market.

How is this Copper Wire Industry segmented?

The copper wire 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.

Type

  Low voltage
  Medium voltage
  High voltage


End-user

  Electrical and electronics
  Building and construction
  Telecommunication
  Transportation
  Others


Application

  Power Transmission
  Telecommunications
  Building Wiring
  Renewable Energy Systems


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  APAC

    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By Type Insights

The low voltage segment is estimated to witness significant growth during the forecast period. The segment was valued at USD 63.40 billion in 2023. It continued to the largest segment at a CAGR of 5.21%.

Low voltage copper wire, essential for handling voltage levels below 1,000 volts, is a key component in various sectors. In residential applications, it ensures safe and efficient electricity transmission for power distribution, lighting systems, and electrical wiring. Commercial buildings utilize low voltage copper wire for lighting fixtures, power outlets, HVAC systems, security systems, and communication networks. Industrial applications include powering machinery, motors, and control systems. Copper wire's high electrical conductivity and low resistance make it ideal for these uses. Manufacturing processes like coil winding, printed circuit board assem

European Union PPI: Do: EU 27 excl UK: Mfg: BF: PF: Copper data was reported at 115.400 2021=100 in Jan 2025. This records an increase from the previous number of 113.600 2021=100 for Dec 2024. European Union PPI: Do: EU 27 excl UK: Mfg: BF: PF: Copper data is updated monthly, averaging 72.900 2021=100 from Jan 2000 (Median) to Jan 2025, with 301 observations. The data reached an all-time high of 120.400 2021=100 in May 2024 and a record low of 26.400 2021=100 in Jun 2003. European Union PPI: Do: EU 27 excl UK: Mfg: BF: PF: Copper data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s European Union – Table EU.I007: Eurostat: Producer Price Index: 2021=100: Domestic.

United Kingdom ExPI: Non EU: BM: Copper data was reported at 151.300 2010=100 in Oct 2018. This records a decrease from the previous number of 151.400 2010=100 for Sep 2018. United Kingdom ExPI: Non EU: BM: Copper data is updated monthly, averaging 121.050 2010=100 from Sep 2012 (Median) to Oct 2018, with 74 observations. The data reached an all-time high of 160.800 2010=100 in Aug 2018 and a record low of 111.000 2010=100 in Jul 2014. United Kingdom ExPI: Non EU: BM: Copper data remains active status in CEIC and is reported by Office for National Statistics. The data is categorized under Global Database’s United Kingdom – Table UK.I042: Foreign Trade Price Index: SIC 2007: 2010=100: Export Price Index: Non EU.

Lithium rose to 94,400 CNY/T on December 2, 2025, up 0.05% from the previous day. Over the past month, Lithium's price has risen 16.54%, and is up 20.64% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Lithium - values, historical data, forecasts and news - updated on December of 2025.

United Kingdom ImPI: EU: BM: Copper data was reported at 107.500 2010=100 in Oct 2018. This records a decrease from the previous number of 110.100 2010=100 for Sep 2018. United Kingdom ImPI: EU: BM: Copper data is updated monthly, averaging 79.750 2010=100 from Jan 1996 (Median) to Oct 2018, with 274 observations. The data reached an all-time high of 122.700 2010=100 in Feb 2011 and a record low of 28.100 2010=100 in Mar 1999. United Kingdom ImPI: EU: BM: Copper data remains active status in CEIC and is reported by Office for National Statistics. The data is categorized under Global Database’s United Kingdom – Table UK.I043: Foreign Trade Price Index: SIC 2007: 2010=100: Import Price Index: EU.

Titanium traded flat at 45.50 CNY/KG on November 28, 2025. Over the past month, Titanium's price has fallen 2.15%, but it is still 4.60% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for Titanium.

Discover the latest trends in the UK copper market with rising demand for bars, wire, and plates. Anticipate an upward consumption trend over the next decade, with forecasted growth in market volume and value by 2035.

In 2017, imports of table, kitchen, household articles and parts of copper in the UK amounted to X tons, coming down by -X% against the previous year. Overall, imports of table, kitchen, household articles and parts of copper continue to indicate a remarkable growth. The most prominent rate of growth was recorded in 2015, when the imports increased by X% from the previous year.