Copper rose to 4.42 USD/Lbs on August 1, 2025, up 0.29% from the previous day. Over the past month, Copper's price has fallen 14.18%, but it is still 7.63% 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 August of 2025.

Graph and download economic data for Global price of Copper (PCOPPUSDQ) from Q1 1990 to Q2 2025 about copper, World, metals, and price.

In August 2022, the copper price per ton amounted to $6 per kg, surging by 62% against the previous month.

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.

In June 2023, the Copper price was $6,114 per ton (FOB, Spain), which was similar to the previous month.

In June 2023, the Copper price was $8,547 per ton (CIF, China), showing a decrease of -3.4% compared to the previous month.

Of the five largest copper mining companies, U.S. mining company Freeport-McMoRan saw the largest growth in its share price over recent years. Between January 2018 and March 2024, the share price of the Phoenix-based company saw its share price increase by over *** percent. Conversely, over this period, Canada-based mining and metals company First Quantum Minerals saw slight decreases in their share price.

This statistic shows the producer price index for copper base scrap in the United States from 1990 to 2019. In 2019, the index dropped to *****. The base year score of 100 was taken in 1982.

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 September 2022, the refined copper price stood at $7,983 per ton (CIF, China), flattening at the previous month.

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.

Recycled Copper Scrap Market Outlook

According to our latest research, the global recycled copper scrap market size reached USD 78.6 billion in 2024, demonstrating robust demand across key industries. The market is set to expand at a CAGR of 5.7% during the forecast period, with projections indicating a value of USD 130.2 billion by 2033. This steady growth trajectory is primarily fueled by heightened environmental awareness, stringent regulations on metal recycling, and the increasing adoption of sustainable materials in manufacturing and infrastructure. The market’s expansion is further supported by the rising need for copper in emerging technologies and the ongoing transition towards a circular economy.

A significant growth factor for the recycled copper scrap market is the escalating demand for copper in the construction and electrical sectors. As urbanization accelerates globally, particularly in developing economies, there is a surge in infrastructure projects requiring substantial amounts of copper for wiring, plumbing, and building materials. Simultaneously, the electrical and electronics industry continues to expand, with copper being a critical component in circuit boards, power cables, and electronic devices. The increasing focus on green building standards and energy-efficient systems further amplifies the demand for recycled copper, as it offers a sustainable alternative to newly mined copper, reducing both environmental impact and production costs.

Another pivotal driver is the growing regulatory emphasis on resource conservation and waste reduction. Governments across North America, Europe, and Asia Pacific are implementing stringent policies and incentives to promote metal recycling, including copper. These regulations not only encourage recycling practices but also support the development of advanced technologies for efficient copper recovery from scrap. The integration of automation and artificial intelligence in recycling facilities has significantly improved the quality and yield of recycled copper, making it more attractive for end-users. In addition, the increasing volatility of copper prices in the global market incentivizes manufacturers to secure a stable supply of recycled copper, reducing their dependence on primary sources and mitigating price fluctuations.

Technological advancements in copper recycling processes are also instrumental in propelling market growth. Innovations such as hydrometallurgical and pyrometallurgical techniques have enhanced the efficiency and environmental performance of copper recovery from various scrap sources. These advancements enable the recycling of complex copper-containing products, including electronic waste and end-of-life vehicles, thus broadening the spectrum of recyclable materials. The adoption of closed-loop recycling systems by major manufacturers further strengthens the market, as it ensures a consistent supply of high-quality recycled copper for use in new products. This trend aligns with the broader sustainability goals of numerous industries, driving the global adoption of recycled copper scrap.

From a regional perspective, Asia Pacific dominates the recycled copper scrap market, accounting for the largest share in 2024. The region’s strong industrial base, rapid urbanization, and significant investments in infrastructure development underpin this leadership. China, India, and Southeast Asian countries are at the forefront, supported by favorable government policies and a growing emphasis on sustainable resource management. North America and Europe also represent substantial markets, driven by advanced recycling infrastructure and stringent environmental regulations. Meanwhile, Latin America and the Middle East & Africa are witnessing gradual growth, propelled by rising industrialization and increasing awareness of recycling benefits. This regional diversification ensures a balanced and resilient market outlook for the coming years.

Source Analysis

The source segment of the recycled copp

The Oxygen-Free Copper (OFC) market is experiencing steady growth, projected to reach a market size of $13,380 million in 2025, exhibiting a Compound Annual Growth Rate (CAGR) of 3.3% from 2025 to 2033. This growth is driven primarily by the increasing demand from the electronics and electrical sectors, fueled by advancements in consumer electronics, the expansion of 5G infrastructure, and the burgeoning electric vehicle (EV) market. The automotive industry's transition towards electric and hybrid vehicles significantly contributes to the rising OFC demand due to its crucial role in electric motors, wiring harnesses, and battery systems. Furthermore, the superior conductivity and corrosion resistance of OFC make it an indispensable material in various high-precision applications. Technological advancements leading to enhanced OFC production efficiency and cost reduction are also positively impacting market expansion. However, fluctuating copper prices and potential supply chain disruptions pose challenges to the market's sustained growth. Increased competition from alternative materials, albeit limited due to OFC's unique properties, may also exert some pressure. Nevertheless, the long-term outlook remains optimistic, particularly given the sustained growth in the electronics and automotive sectors, which are expected to remain key drivers for OFC demand over the forecast period. Regional variations exist, with North America and Asia Pacific expected to maintain significant market shares due to robust industrial activity and the concentration of major electronics and automotive manufacturers. Strategic investments in R&D and collaborations across the supply chain are vital for companies to navigate the market dynamics and capitalize on future growth opportunities. This report provides a detailed analysis of the global oxygen-free copper (OFHC) market, encompassing market size, growth drivers, key players, and future trends. We project a market valued at approximately $25 billion in 2024, growing at a CAGR of 5% to reach $35 billion by 2030. This report leverages in-depth analysis to provide valuable insights for industry stakeholders, investors, and researchers seeking to understand this crucial materials sector. Keywords: Oxygen-Free Copper Market, OFHC, Copper Industry, Electronics, Automotive, Market Size, Market Growth, Key Players, Industry Trends.

Copper futures traded close to the $4.7-per-pound level, not far from an all-time high of $5 hit on March 7th amid a tight market as investors weigh lower supply from top producer Chile, disruptions caused by the war in Ukraine, and assess the impact of the latest Covid outbreak in China in both demand and supply. Copper output in Chile, the world's largest producer, fell 7% from a year earlier to 394,700 tonnes in February, following a 7.5% fall in January and a 1.9% decline in 2021 production. Meanwhile, Chinese authorities extended a lockdown in Shanghai, an industrial powerhouse and major port, further threatening global supply chains. Logistics operators report that restrictions are already making it harder to move goods around and keep factories operating at full capacity. Elsewhere, Peru's ministry of economy and finance said that the world’s second-largest copper supplier will target the excess profits that mining companies earned from rising metal prices around the world. Historically, Copper reached an all time high of 5.02 in March of 2022.

Freeport-McMoRan was the world's leading copper mining company based on output in 2023, producing some **** million metric tons of the metal. The U.S.-based company was followed by the Australian company BHP, with a copper output of nearly *** million metric tons. A fluctuating global copper market impacted by low supply Throughout 2020, mine closures as a result of the COVID-19 pandemic led to a reduction of the copper production volume and demand. By April 2020, monthly copper prices had slumped to some ***** nominal U.S. dollars per metric ton of copper, before soaring to a record high over a year later in May 2021. This price hike was linked to depleted copper inventories in April 2021, which led the Bank of America to issue a warning regarding copper supply levels. Calls by the Chinese government over the need to restrain commodity prices paired with a strike at BHP’s Santiago integrated operations center contributed to a slight dip in copper prices thereafter. However, a new record-high copper price was recorded in May 2022, at ****** U.S. dollars per metric ton. Copper market worldwide At *** percent, BHP shared the same copper production share as Freeport in 2022, only trailing Codelco, which held ***** percent at that time. The Chilean copper mining company Codelco recorded revenues of over ** billion U.S. dollars in 2022. Europe represented Codelco’s leading regional market in terms of revenues. Europe was the second largest refined copper consumer behind China and the rest of Asia, which amounted for over half of the global demand in 2022. That same year, China ranked fourth for copper mine production worldwide. It was dwarfed by Chile, which produced an estimated *** million metric tons of the commodity.

US: Copper: Class A: Total Reductions in Stock data was reported at 1.100 Tonne mn in 2024. This records a decrease from the previous number of 1.130 Tonne mn for 2023. US: Copper: Class A: Total Reductions in Stock data is updated yearly, averaging 1.230 Tonne mn from Dec 1994 (Median) to 2024, with 31 observations. The data reached an all-time high of 1.940 Tonne mn in 1997 and a record low of 1.100 Tonne mn in 2024. US: Copper: Class A: Total Reductions in Stock data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s United States – Table US.OECD.ESG: Environmental: Mineral and Energy Resources: by Commodity: OECD Member: Annual. Class A refers to commercially recoverable resources; Class B refers to potentially commercially recoverable resources; Class C refers to non-commercial and other known deposits

Copper prices decline due to uncertainty over the US-China tariff truce, causing market skepticism and impacting futures on Comex.

Why did the Copper Wire Price Change in July 2025? The Copper Wire Price Index in North America fell by 2.1% quarter over quarter, reflecting a surplus of inventory in warehouses and steady output from major global producers.

The COVID-19 pandemic drove a global drop in prices for several commodity minerals. Between March and April 2020, the average price of copper decreased from ****** U.S. dollars per pound to ****** U.S. dollars per pound. This represented a drop of around ** percent in the global price of copper during that timeframe.

According to Cognitive Market Research, the global Copper Products market size will be USD 4514.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 4.50% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 1805.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.7% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 1354.35 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 1038.34 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 225.73 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.9% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 90.29 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.
The pure copper category is the fastest growing segment of the Copper Products industry

Market Dynamics of Copper Products Market

Key Drivers for Copper Products Market

Growing Demand in Electrical & Electronics Sector to Boost Market Growth

The expansion of the copper products market is primarily driven by surging demand in the electrical and electronics sector. The production of wires, cables, connections, and electronic components requires copper because of its exceptional electrical conductivity, robustness, and thermal qualities. The use of copper is increasing due to the rise in consumer electronics, including laptops, cell phones, and smart gadgets. Copper product demand is also being increased by the development of electrical infrastructure, including transmission lines, transformers, and renewable energy systems. Electric vehicles (EVs), 5G networks, and Internet of Things (IoT) gadgets are examples of cutting-edge technologies that are driving industry expansion. Copper is becoming an increasingly important material in contemporary electrical applications as industry places a higher priority on energy efficiency.

Expansion of Renewable Energy Projects to Drive Market Growth

The development of renewable energy projects is a major factor propelling the growth of the copper products market. Because of its superior electrical conductivity, resistance to corrosion, and longevity, copper is a crucial component in renewable energy systems like solar, wind, and energy storage technologies. Copper is essential to the manufacturing process, transmission, and distribution of power in solar panels, wind turbines, and battery storage systems. Infrastructure spending for renewable energy is increasing due to the worldwide shift to sustainable energy, which is being fueled by government subsidies, carbon reduction targets, and sustainability objectives. Further driving up demand for copper is the growth of energy-efficient transmission lines and smart grids. As the use of renewable energy keeps growing, copper continues to be a vital component driving the green energy revolution.

Restraint Factor for the Copper Products Market

The Availability of Alternative Materials Like Aluminum, Plastic, And Optical Fiber, will Limit Market Growth

The expansion of the copper products market is severely limited by the existence of substitutes. Because of their affordability, low weight, and improved technology, materials like plastics, aluminum, and optical fiber are being utilized more and more as substitutes. For instance, due to its lower weight and cost as compared to copper, aluminum is frequently chosen for power transmission lines and wiring systems. In the same way, optical fibers are taking the place of copper cables in telecommunications because of their increased capacity to send data across vast distances. Plastic pipes are becoming more used in plumbing and construction because they are lightweight and resistant to corrosion. These substitutes lower demand for copper products, particularly in competitive and cost-sensitive industries, which limits market expansion overall.

Impact of Covid-19 on the Copper Products Market

The market for copper products was affected in numerous ways because of the COVID-19 epidemic. At first, widespread ...