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.

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 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.

Copper prices in , June, 2025 For that commodity indicator, we provide data from January 1960 to June 2025. The average value during that period was 3344.44 USD per metric ton with a minimum of 606.71 USD per metric ton in January 1961 and a maximum of 10230.89 USD per metric ton in March 2022. | TheGlobalEconomy.com

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 price of copper is influenced by global supply and demand dynamics, macroeconomic factors, and other variables such as the strength of the US dollar. This article explores the main factors that affect copper prices, including supply and demand balances, supply disruptions, the electrification of industries, and investor sentiment. Understanding these factors is crucial for stakeholders in the copper industry to make informed decisions and mitigate risks.

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

Get the latest insights on price movement and trend analysis of Copper Scrap in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

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.

Graph and download economic data for Wholesale Price of Copper Wire for New York (Q04178US000NYQ267NNBR) from Q1 1890 to Q4 1924 about copper, wired, wholesale, metals, NY, price, and USA.

Chile Average Price: Refined Copper: COMEX data was reported at 2.682 USD/lb in Jan 2019. This records a decrease from the previous number of 2.723 USD/lb for Dec 2018. Chile Average Price: Refined Copper: COMEX data is updated monthly, averaging 1.001 USD/lb from Jan 1973 (Median) to Jan 2019, with 553 observations. The data reached an all-time high of 4.492 USD/lb in Feb 2011 and a record low of 0.520 USD/lb in Jan 1975. Chile Average Price: Refined Copper: COMEX data remains active status in CEIC and is reported by Chilean Copper Commission. The data is categorized under Global Database’s Chile – Table CL.P001: Metal Prices.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: No. 1 Copper Scrap, Including Wire (WPU10230101) from Dec 1986 to May 2025 about copper, wired, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

Get the latest insights on price movement and trend analysis of Copper in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

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.

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

Russia Average World Price: Copper data was reported at 6,825.300 USD/Ton in May 2018. This records a decrease from the previous number of 6,851.500 USD/Ton for Apr 2018. Russia Average World Price: Copper data is updated monthly, averaging 5,886.350 USD/Ton from Jun 2000 (Median) to May 2018, with 216 observations. The data reached an all-time high of 9,881.000 USD/Ton in Feb 2011 and a record low of 1,311.500 USD/Ton in Oct 2002. Russia Average World Price: Copper data remains active status in CEIC and is reported by Federal State Statistics Service. The data is categorized under Russia Premium Database’s Prices – Table RU.PC002: Average World Prices, Crude Oil Export Price, Crude Oil Export Duty.

Peru Export Price: Mining: Copper data was reported at 2.450 USD/lb in Sep 2018. This records a decrease from the previous number of 2.502 USD/lb for Aug 2018. Peru Export Price: Mining: Copper data is updated monthly, averaging 1.153 USD/lb from Jan 1985 (Median) to Sep 2018, with 405 observations. The data reached an all-time high of 4.734 USD/lb in May 2011 and a record low of 0.512 USD/lb in Feb 1985. Peru Export Price: Mining: Copper data remains active status in CEIC and is reported by Central Reserve Bank of Peru. The data is categorized under Global Database’s Peru – Table PE.P004: Export Price.

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

According to Cognitive Market Research, the global Copper Recycling market size will be USD 255684.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 7.50% 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 102273.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 76705.26 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 58807.37 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.5% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 12784.21 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.9% 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 5113.6 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.
The Pre-consumer Scrap category is the fastest-growing segment of the Copper Recycling industry

Market Dynamics of Copper Recycling Market

Key Drivers for Copper Recycling Market

Growing Demand for Sustainable Materials to Boost Market Growth

The increasing global awareness of environmental sustainability has significantly influenced consumer behavior and industrial practices. As industries strive to reduce their ecological footprint, the demand for sustainable materials has surged. Between 2019 and 2023, 62 member states and the European Union introduced 516 policy instruments aimed at facilitating the transition to sustainable consumption and production patterns. Approximately half of these policies consist of national road maps or strategies, 30 percent are legal instruments, and 14 percent are voluntary measures. In this context, recycled copper has emerged as a key component of this trend, as it contributes to reducing the ecological impact of production processes. Unlike primary copper, which is derived from intensive mining and processing, recycled copper comes from scrap materials and involves significantly lower energy consumption and greenhouse gas emissions.

Extensive Usage of Recycled Copper in the Electrical & Electronics Sector to Drive Market Growth

The electrical and electronics sector is one of the largest consumers of copper due to its superior electrical conductivity and resistance to corrosion. In 2022, electrical machinery and electronics ranked as the world's second most traded product, with a total trade value of $3.39 trillion. Between 2021 and 2022, exports in this sector grew by 6.27%, rising from $3.19 trillion to $3.39 trillion. Copper plays a vital role in numerous electrical and electronic products, including wires, cables, connectors, motors, transformers, printed circuit boards (PCBs), and consumer devices such as smartphones, laptops, and televisions. The rapid proliferation of electronic devices and growing technology consumption have also driven a substantial rise in global e-waste. According to preliminary data from the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker, global smartphone shipments increased by 9.0% year over year, reaching 292.2 million units in the second quarter of 2024. As a significant contributor to e-waste, the electrical and electronics sector offers substantial opportunities for manufacturers in the recycled copper market worldwide.

Restraint Factor for the Copper Recycling Market

Fluctuating Copper Prices and Quality Variability and ContaminationWill Limit Market Growth

One of the key challenges facing the recycled copper market is the volatility of copper prices. The global copper market is highly sensitive and easily influenced by factors such as fluctuations in supply and demand, geopolitical tensions, and economic instability. This price volatility can significantly impact the profitability of recycling operations. When copper prices are high, recycling becomes an attractive and profitable business, spurring investments in recycling infrastructure. However, during periods of falling prices, the economic feasibility of recycling can be jeopardized, as the revenue from selling recycled copper may not be enough to cover the costs of...