Copper increased 1.13 USd/LB or 28.38% since the beginning of 2025, 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 March of 2025.

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.

During the last quarter of 2024, the copper prices in the USA reached 16341 USD/MT in December. As per the copper price chart, the market in the United States displayed mixed signals, with fluctuating prices influenced by macroeconomic trends. A surge in imports indicated growing industrial requirements, particularly in relation to AI-driven technology, electric vehicle networks, and power infrastructure upgrades.

Explore IMARC’s newly published report, titled “Copper Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” offers an in-depth analysis of copper pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

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.

Understanding the trend in scrap copper prices is crucial for those involved in the copper industry. This article explores the fluctuation of scrap copper prices over the years, highlighting the factors that influence them and their impact on the market. From the peak in 2012 to the decline in subsequent years, to the recent signs of recovery in 2021, this article provides valuable insights for making informed business decisions.

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.

In the second half of 2023, the price of copper scrap in the United States reached 6027 USD/MT. It encompasses an in-depth review of spot price of copper scrap at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of copper scrap price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The copper price trend is influenced by a variety of factors including supply and demand dynamics, macroeconomic conditions, and geopolitical events. This article explores the recent volatility in the copper price, the impact of the COVID-19 pandemic, and the drivers of the current upward trend. It also discusses the influence of macroeconomic factors and geopolitical events on the copper price and provides insights into the future outlook for copper prices.

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

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).

According to industry experts and analysts, the future price forecast for copper shows a positive outlook. Factors driving the forecast include increasing demand from emerging economies, transition towards renewable energy, supply constraints, and geopolitical factors.

As of June 20, 2024, copper futures contracts to be settled in July 2029 were trading on U.S. markets at around 4.5 U.S. dollars per pound. This is higher than the price of 3.92 U.S. dollars per pound for contracts to be settled in January 2024, indicating that copper traders expect the price of copper to fluctuate. Copper futures are contracts that effectively lock in a price for an amount of copper to be purchased at a time in the future, which can then be traded on markets. Futures markets therefore provide an indicator of how investors think a commodities market will develop in the future.

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.

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.

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 Feb 2025 about copper, wired, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

The copper commodity price index is a measure of the overall price performance of copper in the global market. It provides investors, traders, and analysts with a benchmark to track the price movements and trends in the copper market. The index is typically calculated based on the prices of copper futures contracts traded on major commodity exchanges.

The copper plate prices in the United States for Q2 2024 reached 13650 USD/MT in June. The market experienced significant price changes driven by demand fluctuations in the automotive and energy sectors. Affected by strong inventory levels and a robust US dollar, copper became more costly. The quarter ended with a cautious outlook, balancing stable pricing against ongoing supply uncertainties and Federal Reserve policies on interest rates.

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 410.3. The base year score of 100 was taken in 1982.

Learn how supply and demand dynamics, global economic conditions, geopolitical factors, and financial speculation influence the price trend of copper today and what the long-term outlook for this versatile metal looks like.

The Chinese copper market expanded markedly to $46.2B in 2024, with an increase of 8.1% against the previous year. In general, the total consumption indicated a slight expansion from 2012 to 2024: its value increased at an average annual rate of +1.9% 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 -5.0% against 2022 indices.