In 2021, the average annual market price of copper peaked at 9,322 U.S. dollars per metric ton, before slightly decreasing in 2022 and 2023, when its average price was 8,478 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 nine million metric tons of copper. Following China was Europe, with a total demand of just over two million 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 390 U.S. cents per pound. The average Comex price in 2022 was estimated to be about 400 U.S. cents per pound.

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.

In November 2024, the average monthly price for copper stood at over 9,000 U.S. dollars per metric ton. This is down from a monthly high exceeding 10,000 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).

The copper price on the London Metal Exchange (LME) stood at an average of 420 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.

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

The annual producer price index of copper scrap in the United States averaged 606.1 in 2023, with 1982 used as the base year (1982 = 100). This represented a slight decrease in comparison to the previous year, down from a price index of 613.6. Despite the decline, figures remain above pre-pandemic levels, with a growth of roughly 50 percent in comparison to 2019.

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.

In 2021, the average sales price of copper in China reached to 68,490 yuan per ton, a significant increase of 40.5 percent compared to 2020. In the past decade, China has seen a similar high copper sales price at 67,241 yuan per ton in 2011, followed by a sustained decrease until reaching the peak in 2021.

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

After two years of decline, the Swedish copper screw market increased by 10% to $12M in 2024. In general, the total consumption indicated a perceptible expansion from 2012 to 2024: its value increased at an average annual rate of +2.5% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level in 2024 and is expected to retain growth in the near future.

In 2024, the Guatemalan copper ores and concentrates market increased by 10% to $2.5K for the first time since 2021, thus ending a two-year declining trend. In general, the total consumption indicated a measured increase from 2012 to 2024: its value increased at an average annual rate of +2.0% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period.

Examination of copper, nickel, lead and zinc (base metals) exploration expenditure and discovery in Australia over the period 1976-2005 reveals some significant trends. Australia's base metal resource inventory grew substantially as a consequence of successful exploration over the period, both through addition of resources at known deposits and new discoveries, notably a small number of very large deposits that underpin the resource base. In 2005, Australia had the world's largest economic demonstrated resources (EDR) of nickel, lead and zinc, and the second largest EDR of copper. Growth in nickel resources has been especially strong owing to discovery of large laterite resources in the late 1990s. Resource life, in average terms based on current EDR and production, is approximately 30 years for lead and zinc, 40 years for nickel sulphide (120 years for all nickel EDR) and 50 years for copper. Despite this success, major increases in production over the period (copper, nickel and zinc output increasing 3-4 fold, lead output doubling) and a fall in discovery rates during much of the 1990s means that resource life for lead and zinc is lower and nickel sulphide comparable now to that in 1976; only the resource life of copper has grown substantially over the period. Current published ore reserves are sufficient for at least 15 years operations at current production levels, but only a small number of the largest deposits currently being mined are likely to still be in production in 20 years. However, several mines have substantial inferred resources that may allow production beyond current mine reserves and there is a substantial number of undeveloped deposits that may provide the foundation for extended or new mining operations. The discovery record is strongly cyclical with resource growth for all the base metals punctuated by the discovery of giant (world-class) deposits each decade: these underpin current and future production. Recent higher metal prices and renewed interest in base metals, especially nickel, has reversed a 10 year decline in base metal exploration attended by reduced rates of discovery and resulted in record expenditure, new nickel, copper and zinc discoveries, and increased resources at a number of existing deposits, notably the Olympic Dam copper-uranium-gold deposit. With the exception of the Prominent Hill copper-gold and West Musgrave nickel-copper deposits, most of the recent discoveries, especially zinc (-lead) deposits, are of small tonnage (some of high grade). Nevertheless, these new discoveries have helped stimulate further exploration and also highlight the potential for further discoveries in little-explored provinces, especially those under regolith and shallow sedimentary cover.

As per Cognitive Market Research's latest published report, the Global Phosphor Bronze market size will be $1,219.39 Million by 2028. Phosphor Bronze Industry's Compound Annual Growth Rate will be 4.49% from 2023 to 2030.

The North America Phosphor Bronze market size will be USD 397.76 Million by 2028.

Factors Affecting Phosphor Bronze Market Growth

Rapid growth in the electronic and electrical industry

The global electronic and electrical industry has been growing at a steady pace in the last few years. Increased per capita income in emerging economies such as China and India, and reduced unemployment in developed countries, have led to the rise in the development of the adoption of advanced electronic products.

In 2022, the electronics industry in the Americas is expected to grow by around 5%. Additionally, in 2018 India, around 75% of the electronics were imported.

Some of the electronic components include, industrial electronics, strategic electronics and computer hardware. The rising disposable income is expected to boost the adoption of the advanced electrical and electronic products.

Increasing economic growth is also expected to fuel investments in new construction of new electronic and electrical industries.

Moreover, the rapid growth in the electrical and electronic industry is attributed to increased investment in the developing economies, leading to the rise in the construction of electrical and electronic industries.

Phosphor bronze is used in the manufacturing of bolts, screws, which find its application in manufacturing of electronic and electrical devices, thus boosting the market during the forecast period.

Rapid industrialization & urbanization & consequent increase in the demand for industrial products

The Rising Demand for Corrosion Resistant Material in Various Industries Drives the Market Growth

Restraints for Phosphor Bronze Market

High market fragmentation


Grey market providing low quality and inexpensive products. (Access Detailed Analysis in the Full Report Version)

Opportunities for Phosphor Bronze Market

Growth in emerging market. (Access Detailed Analysis in the Full Report Version)

What is Phosphor Bronze?

Phosphor bronze is a copper alloy composed of copper that is alloyed with tin & phosphorus and it is commonly known as Phos bronze or tin bronze. It was originally created by the Belgian Georges Montefiore-Levi. The alloyed tin increases the corrosion resistance and strength of copper, while phosphorus increases its wear resistance and stiffness.

It is a highly-valuable, specialty metal having many positive attributes such as toughness, strength, low coefficient of friction, and fine grain which makes it suitable to manufacture parts for many industrial fields. Phosphorus lowers the viscosity of the molten alloy, making casting easier, and cleaner and also reducing grain boundaries between crystallites.

Phosphor bronze is useful in electrical conduits and other caustic environments due to its tarnish and corrosion-resistant property. Phosphor bronze has wide range of applications such as it is used for springs, bolts, bushings & bearings, welding rods, jewellery, guitar strings, dental bridges and various other products or assemblies where resistance to fatigue, wear, and corrosion are required.

It possesses good physical properties, fair electrical conductivity and moderate cost which makes it available in various formats such as standard round, square, flat and special format wire. There are several types of phosphor bronze including C54400, C5191, C5210 and several others.

Phosphor bronze is a proven engineering material that fits numerous designer standards and it has been used for many years in several industries but it is still finding new uses because of increasing adoption of advance technologies and demand for specialized materials.

Thus, the increasing uses of phosphor bronze in many industries is anticipated to have positive impact on growth of market.

The Europe copper pipe and fitting market skyrocketed to $8.3B in 2024, surging by 20% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. The level of consumption peaked at $10B in 2022; however, from 2023 to 2024, consumption failed to regain momentum.

The global nano copper oxide market size reached USD 220.2 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 972.0 Million by 2033, exhibiting a growth rate (CAGR) of 17.9% during 2025-2033. The increasing adoption in antimicrobial coatings and consumer products, the growing demand in energy storage applications, and the expansion in environmental remediation solutions are some of the key factors driving the market growth.

IMARC Group provides an analysis of the key trends in each segment of the global nano copper oxide market report, along with forecasts at the global, regional, and country levels from 2025-2033. Our report has categorized the market based on type and end user.

The New Zealand copper foil market skyrocketed to $8.1M in 2024, growing by 19% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $10M. From 2015 to 2024, the growth of the market remained at a lower figure.

Gold and silver prices increased over the course of 2021, but these did not grow as fast as the prices of iridium and, especially, rhodium. According to a comparison of price indices, the price for rhodium - a precious metal similar to platinum and used especially in catalytic converters of cars - was ten times higher in April 2021 than it was in January 2019. The price hike for rhodium was apparently caused by coronavirus-related lockdowns implemented in South Africa, where mining companies had to close for several weeks.

The global nanocopper oxide market is experiencing robust growth, driven by its increasing adoption across diverse industries. While precise figures for market size and CAGR are not provided, a reasonable estimation can be made based on industry trends and comparable materials. Considering the expanding applications in electronics, coatings, and catalysts, coupled with ongoing research in energy storage, a conservative estimate places the 2025 market size at approximately $250 million. Assuming a steady growth trajectory fueled by technological advancements and rising demand, a Compound Annual Growth Rate (CAGR) of 10-12% for the forecast period (2025-2033) is plausible. This implies a significant market expansion within the next decade. Key drivers include the superior electrical conductivity and antimicrobial properties of nanocopper oxide, making it attractive for electronic components, paints & coatings, and water treatment applications. The ongoing trend toward miniaturization in electronics and the growing need for sustainable and efficient materials further bolster market growth. However, challenges remain, including potential toxicity concerns related to nanoparticle handling and production costs which may act as restraints. Segment-wise, the electricals and electronics sector is expected to dominate the market, followed by paints and coatings, as these applications represent significant volume consumption. North America and Asia-Pacific (specifically China) are projected to be leading regional markets, owing to robust technological advancements and substantial manufacturing capabilities. Companies like American Elements, Hongwu International Group, and NanoComposix are key players shaping the market through innovation and supply chain development. This report provides a detailed analysis of the global nanocopper oxide market, projecting substantial growth to reach an estimated USD 2.5 billion by 2030. The report delves into market dynamics, competitive landscapes, and future trends, providing valuable insights for businesses operating in this rapidly expanding sector. Key search terms: Nanocopper Oxide Market Size, Nanocopper Oxide Applications, Nanocopper Oxide Price, Nanocopper Oxide Manufacturers, Copper Oxide Nanoparticles.

In 2023, purchases abroad of copper screws, bolts and nuts decreased by -19.8% to 10 tons for the first time since 2019, thus ending a three-year rising trend.