Copper rose to 5.57 USD/Lbs on July 18, 2025, up 1.80% from the previous day. Over the past month, Copper's price has risen 15.92%, and is up 31.52% 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 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.

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.

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.

The global copper market, valued at approximately $150 billion in 2025 (estimated based on provided CAGR and market trends), is projected to experience robust growth, exceeding a 6% compound annual growth rate (CAGR) through 2033. This expansion is fueled by several key drivers. The burgeoning renewable energy sector, heavily reliant on copper for wiring and infrastructure in solar and wind power projects, significantly boosts demand. Furthermore, the ongoing electrification of transportation, encompassing electric vehicles (EVs) and charging infrastructure, contributes substantially to copper consumption. Growth in construction and infrastructure development in emerging economies further accelerates market expansion. While increasing production costs and potential supply chain disruptions pose challenges, technological advancements in mining and recycling are mitigating these restraints, ensuring a sustainable supply. Key players like Aurubis AG, BHP, and Glencore are strategically positioned to capitalize on these trends, driving innovation and competition within the market. The segmentation of the market, although not explicitly defined in the provided data, is likely to involve different grades of copper (e.g., refined copper, copper cathodes), application types (electrical wiring, construction materials), and geographical regions. The forecast period (2025-2033) anticipates a substantial increase in market value, driven by the continuous expansion of the aforementioned sectors. Geopolitical factors and governmental policies promoting sustainable energy transitions will significantly influence market dynamics. While specific regional data is unavailable, North America, Europe, and Asia are expected to be major market contributors, with their relative shares determined by economic growth, infrastructure projects, and the adoption rate of renewable energy technologies. The competitive landscape, characterized by a mix of large multinational corporations and regional players, is likely to remain highly dynamic, with mergers, acquisitions, and technological advancements shaping the market landscape over the forecast period. Understanding these market dynamics is crucial for stakeholders to make informed investment decisions and navigate the opportunities and challenges within the copper market effectively. Recent developments include: November 2021: Aurubis AG further expanded its activities in recycling metal-bearing materials internationally. It started the construction of a multi metal recycling plant in the US state of Georgia. Circuit boards, copper cable, and other recycling materials containing metals will be processed into 35,000 tons of blister copper annually., May 2021: Glencore announced its plans to restart operations at the Mutanda copper and cobalt mine in 2022. The restarted operations at Mutanda could help the company ease shortages in the copper and cobalt markets, which are potentially capping further price gains.. Key drivers for this market are: Growing Demand from Electronics and Construction Industry, Other Drivers. Potential restraints include: Growing Demand from Electronics and Construction Industry, Other Drivers. Notable trends are: Growing Demand for Electrical and Electronics Segment.

The Pakistani copper market shrank to $2.8B in 2024, reducing by -4.6% against the previous year. Overall, the total consumption indicated a pronounced expansion from 2012 to 2024: its value increased at an average annual rate of +2.8% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by -10.5% against 2021 indices.

In 2024, the global copper market was finally on the rise to reach $239.6B for the first time since 2021, thus ending a two-year declining trend. The market value increased at an average annual rate of +2.4% from 2012 to 2024; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the global market attained the maximum level in 2024 and is expected to retain growth in years to come.

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 size of the Copper Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of > 6.00% during the forecast period. Copper is a metal that has extreme high thermal and electrical conductivity. Copper is mostly used in electrical equipment for wiring and motors. Growing awareness about anti-microbial properties of copper among consumers has increased the demand for copper for household applications such as kitchen sink, table tops, utensils, etc. which is expected to pose significant growth in the global market. Increasing demand of electrical products across the globe is expected to drive the copper market as it is used for electrical wiring, motors, and electronic devices due to its excellent power transmission and distribution system. Recent developments include: November 2021: Aurubis AG further expanded its activities in recycling metal-bearing materials internationally. It started the construction of a multi metal recycling plant in the US state of Georgia. Circuit boards, copper cable, and other recycling materials containing metals will be processed into 35,000 tons of blister copper annually., May 2021: Glencore announced its plans to restart operations at the Mutanda copper and cobalt mine in 2022. The restarted operations at Mutanda could help the company ease shortages in the copper and cobalt markets, which are potentially capping further price gains.. Key drivers for this market are: Growing Demand from Electronics and Construction Industry, Other Drivers. Potential restraints include: Stringent Regulations Associated with Mining. Notable trends are: Growing Demand for Electrical and Electronics Segment.

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

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.

The report covers Copper Usage by Industry and is segmented by End-user Industry (Automotive and Heavy Equipment, Construction, Electrical and Electronics, Industrial, and Other End-user Industries) and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report offers market size and forecast for the copper market in volume (kilo tons) for all the above segments.

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Seamless Copper Tubes Market in MENA - 2021-2025

The seamless copper tubes market size in MENA is expected to reach a value of 74.02 thousand tons at a CAGR of 8.97%, during 2021-2025. This research study helps in a deep understanding of the underlying forces driving the market growth and current and potential target customers across segmentations. According to our comprehensive survey, factors such as superior properties of copper in comparison to aluminum are projected to significantly support market growth during the forecast period. View our sample report for insights on the latest trends and challenges that will have a far-reaching effect on the market growth.

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Seamless Copper Tubes Market Segments in MENA

Navigate through market segmentation by application (HVAC, industrial heat exchanger, plumbing, and electrical and others) and geography (Middle East and North Africa) in this seamless copper tubes market report of MENA to pursue growth opportunities.

Get actionable insights on the seamless copper tubes market segments in MENA to generate successful ROIs and focus your business strategy efforts where they are most likely to be effective. Also, our market research experts have evaluated the impact of COVID-19 across market segments for our clients to understand the long-term business implications and foresee opportunities for subsequent recovery. Want a thorough qualitative and quantitative analysis on the post-pandemic seamless copper tubes market predictions in MENA on-demand changes for 2021-2025? You can buy the report now with one easy click.

Seamless Copper Tubes Market Vendors in MENA and Competitive Analysis

    The seamless copper tubes market in MENA is fragmented and the vendors are deploying growth strategies such as distinguishing their solutions offering through a clear and unique value proposition to gain a competitive advantage. Find out about other well-thought-out business planning approaches of key players from our sample report.

    The unprecedented outbreak of COVID-19 last year impacted market segments that has had a ripple effect on various stakeholders. To make the most of the opportunities and recover from post COVID-19 impact, the market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Click here to get COVID-19 impact update.

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Seamless Copper Tubes Market in MENA - Region Opportunities 2021-2025

79% of the seamless copper tubes market growth in MENA will originate from the Middle East during the forecast period. Iran (Islamic Republic of Iran) and Saudi Arabia are the key markets for seamless copper tubes in the Middle East. To unlock exclusive information on potential business locations and understand the demographics of current and prospective customers buy the report now!

Middle East has been exhibiting a significant growth rate for seamless copper tubes market vendors in MENA. Factors such as the overall economic development of the region and increased crude oil exports are accelerating the seamless copper tubes market growth in the Middle East. To view our in-depth analytical review on the micro and macroeconomic factors impacting businesses in the regions click here.

However, the seamless copper tubes market share growth in the Middle East will be slower than the growth of the market in North Africa. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

Seamless Copper Tubes Market Insights in MENA by Application

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The seamless copper tubes market share growth in MENA by the HVAC segment will be significant during the forecast period. The rapid growth of the construction industry, especially in the residential construction sector, has led to an increase in demand for seamless copper tubes for HVAC applications. The use of seamless copper tubes in HVAC systems is attributed to the properties of copper, such as corrosion resistance, malleability, energy efficiency, and others. This report provides an accurate prediction of the contribution of all the segments to the growth of the seamless copper tubes market size in MENA.

From the seamless copper tubes market segmentation insights in MENA, players can achieve maximum market response by understanding the target consumers. The analytica

In 2024, after two years of decline, there was significant growth in the Tanzanian copper market, when its value increased by 12% to $734M. Over the period under review, consumption recorded a relatively flat trend pattern. Copper consumption peaked at $1.5B in 2021; however, from 2022 to 2024, consumption stood at a somewhat lower figure.

In 2024, the SADC copper market increased by 0.3% to $4B for the first time since 2021, thus ending a two-year declining trend. In general, consumption, however, continues to indicate a slight slump. The level of consumption peaked at $5.4B in 2021; however, from 2022 to 2024, consumption failed to regain momentum.

The UK copper market declined remarkably to $84M in 2024, dropping by -16% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a slight decrease. Over the period under review, the market hit record highs at $190M in 2021; however, from 2022 to 2024, consumption stood at a somewhat lower figure.

North America Tinned Copper Wire Market is expected to grow during 2025-2031

LME Index fell to 4,134.40 Index Points on July 16, 2025, down 0.22% from the previous day. Over the past month, LME Index's price has remained flat, and is unchanged 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 July of 2025.

The global copper and aluminum sorting system market is projected to reach USD 2.5 billion by 2032, growing at a CAGR of 8.3% during the forecast period (2024–2032).
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Latin America Copper Sheet And Strip Market is expected to grow during 2025-2031