Copper rose to 4.43 USD/Lbs on August 28, 2025, up 0.36% from the previous day. Over the past month, Copper's price has fallen 21.32%, but it is still 6.91% 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.

The Australian copper market fell modestly to $X in 2022, remaining constant against the previous year. Over the period under review, consumption showed a noticeable setback. Copper consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Australia Commodity Price Index: Weights: Base Metals: Copper data was reported at 2.800 % in Feb 2013. This stayed constant from the previous number of 2.800 % for Jan 2013. Australia Commodity Price Index: Weights: Base Metals: Copper data is updated monthly, averaging 2.800 % from Feb 2008 (Median) to Feb 2013, with 61 observations. The data reached an all-time high of 2.800 % in Feb 2013 and a record low of 1.800 % in Aug 2009. Australia Commodity Price Index: Weights: Base Metals: Copper data remains active status in CEIC and is reported by Reserve Bank of Australia. The data is categorized under Global Database’s Australia – Table AU.I051: Commodity Price Index: Weights (Old).

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

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 February 2023, the refined copper price stood at $8,572 per ton (FOB, Australia), rising by 6.2% against the previous month.

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

Australia PPI: Materials Used: Fabricated Metal Products: Copper & Brass data was reported at 249.000 1998-1999=100 in Jun 2012. This records an increase from the previous number of 243.500 1998-1999=100 for Mar 2012. Australia PPI: Materials Used: Fabricated Metal Products: Copper & Brass data is updated quarterly, averaging 123.850 1998-1999=100 from Sep 1985 (Median) to Jun 2012, with 108 observations. The data reached an all-time high of 279.800 1998-1999=100 in Sep 2011 and a record low of 62.300 1998-1999=100 in Dec 1985. Australia PPI: Materials Used: Fabricated Metal Products: Copper & Brass data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.I028: Producer Price Index: 1989-90=100: ANZSIC 2006: Input to the Manufacturing Industry.

Copper tube and wire manufacturers are navigating a challenging landscape of intense competition and volatile prices. Major local producers are leveraging economies of scale to contend with mounting import penetration from foreign manufacturers that can offer competitive prices due to their lower production costs. Industry revenue elevated at an annualised 2.9% over the five years through 2024-25 to $755.2 million. This five year uptrend is primarily due to performance and demand recovery from the pandemic. High import penetration has dictated profit margins, limiting many manufacturers’ scope to pass on elevated copper prices to buyers, particularly in 2021-22, where copper prices rose to decade level highs on the back of the revival of the housing and manufacturing sector post-pandemic. More recently, global copper prices have declined, particularly in 2022, contributing to lower annual revenue for copper tube and wire manufacturers. A global transition towards green energy has positioned the industry at a critical junction. Surging demand for renewable infrastructure, including solar photovoltaic systems, electric vehicles and charging stations, is poised to significantly boost global copper consumption. Government initiatives, like Australia's removal of EV tariffs, are supporting EV production, driving new demand streams for copper products used in producing these vehicles. These developments are reshaping downstream manufacturing markets, presenting a critical opportunity for copper tube and wire manufacturers to expand their market share. The Copper Tube and Wire Manufacturing industry faces significant pressure from substitutes, particularly aluminium. Aluminium’s cost-effectiveness makes it an attractive alternative, particularly in the rapidly expanding electric vehicle manufacturing market, but also in industrial, electrical and automotive applications. Industry manufacturers must continuously innovate and explore new market opportunities to maintain their competitive edge and mitigate the potential for substitute materials to erode demand. Overall, revenue is forecast to drop at an annualised 0.1% through the end of 2029-30 to $750.0 million.

Australia BHP: Average Realized Price: Copper data was reported at 3.120 USD/lb in Jun 2018. This records a decrease from the previous number of 3.200 USD/lb for Dec 2017. Australia BHP: Average Realized Price: Copper data is updated semiannually, averaging 2.980 USD/lb from Jun 2013 (Median) to Jun 2018, with 11 observations. The data reached an all-time high of 3.400 USD/lb in Jun 2013 and a record low of 2.120 USD/lb in Dec 2015. Australia BHP: Average Realized Price: Copper data remains active status in CEIC and is reported by BHP Billiton Group. The data is categorized under World Trend Plus’s Top Company: Metal and Mining: Asia Excluding China – Table WB.AT003: BHP Billiton Group (BHP): Operational Data.

In the second quarter of 2021, the production value of copper ore and concentrates in Australia amounted to around **** billion Australian dollars. In the same quarter, the refined copper production value was around **** billion Australian dollars.

The average for 2020 based on 2 countries was 483900 metric tons. The highest value was in Australia: 885000 metric tons and the lowest value was in Papua New Guinea: 82800 metric tons. The indicator is available from 2001 to 2020. Below is a chart for all countries where data are available.

The Copper, Silver, Lead and Zinc Smelting and Refining industry is facing severe profitability challenges, as global oversupply conditions and rising competition from China’s expanding processing capacity have led to record-low refining fees. These low fees have significantly narrowed margins, particularly for firms dependent on a third-party ore supply, forcing major operators like Glencore and Nyrstar to warn of closures and large financial losses in the absence of government support. At the same time, rising energy and operational costs, alongside declining output of key products, are pushing profit margins to multi-year lows. In contrast, BHP has strengthened its market position by acquiring OZ Minerals and consolidating copper production, while strong global commodity prices have lifted export values, partially offsetting weaker domestic performance and ongoing industry pressures. Overall, industry revenue is expected to climb at an annualised 2.0% over the five years through 2025-26, to an estimated $5.4 billion. Industry revenue is anticipated to fall 3.4% in 2025-26 as refining fees weaken. Industry exports are estimated to total $10.1 billion in 2025-26, which is substantially higher than industry revenue. Industry refineries often process metal for a fee without taking ownership of it, with exports of this processed metal counted in industry exports. The industry’s long-term outlook increasingly depends on direct government support, as financial pressures from rising energy costs, low global refining charges and international competition threaten domestic operations’ viability. Recent and proposed government interventions, like bailout packages for companies like Nyrstar and ongoing support discussions with Glencore, are aimed at preserving jobs, critical infrastructure and regional economic activity. Strong global demand for copper, driven by the transition to electric vehicles and continued infrastructure investment, is forecast to support industry revenue growth, with expansions in copper mining and processing positioning this segment to outperform others. Amid these changes, major players are accelerating investments in renewable energy and decarbonisation, reflecting a broader industry shift towards more sustainable production in response to environmental priorities and policy incentives. Revenue is forecast to climb at an annualised 1.1% over the five years through 2030-31, to an estimated $5.7 billion.

Australia Import Value: SITC: MS: Copper Ore & Concentrate, Copper Matte & Cement Copper data was reported at 3.000 AUD mn in Mar 2025. This records a decrease from the previous number of 117.000 AUD mn for Feb 2025. Australia Import Value: SITC: MS: Copper Ore & Concentrate, Copper Matte & Cement Copper data is updated monthly, averaging 1.000 AUD mn from Jan 1988 (Median) to Mar 2025, with 447 observations. The data reached an all-time high of 132.000 AUD mn in Oct 2021 and a record low of 0.000 AUD mn in Jul 2010. Australia Import Value: SITC: MS: Copper Ore & Concentrate, Copper Matte & Cement Copper data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.JA024: Imports: by Commodity: by 3 Digits SITC.

In 2024, the export value of copper ore and concentrates in Australia was approximately *** billion Australian dollars. In comparison, Australia's export value of copper was around *** billion Australian dollars that year.

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Australia Export Value: SITC: FOB: MS: Copper Ore & Concentrate, Copper Matte & Cement Copper data was reported at 834.000 AUD mn in Mar 2025. This records an increase from the previous number of 538.000 AUD mn for Feb 2025. Australia Export Value: SITC: FOB: MS: Copper Ore & Concentrate, Copper Matte & Cement Copper data is updated monthly, averaging 238.000 AUD mn from Jan 1988 (Median) to Mar 2025, with 447 observations. The data reached an all-time high of 1,141.000 AUD mn in Jun 2022 and a record low of 2.000 AUD mn in Sep 1991. Australia Export Value: SITC: FOB: MS: Copper Ore & Concentrate, Copper Matte & Cement Copper data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.JA013: Exports: by Commodity: by 3 Digits SITC.

Indonesia Export: Value: Copper: Australia data was reported at 2.354 USD mn in May 2019. This records an increase from the previous number of 1.417 USD mn for Apr 2019. Indonesia Export: Value: Copper: Australia data is updated monthly, averaging 3.009 USD mn from Jan 2012 (Median) to May 2019, with 89 observations. The data reached an all-time high of 13.891 USD mn in Jan 2014 and a record low of 0.002 USD mn in Sep 2012. Indonesia Export: Value: Copper: Australia data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Indonesia Premium Database’s Foreign Trade – Table ID.JAE025: Export: Commodities by Country: Copper.

The industry has expanded over the past few years on the back of higher commodity prices. Global supply disruptions resulting from the pandemic and the Russia-Ukraine conflict, along with supply constraints, caused prices for commodities like iron ore, nickel and coal to soar over the two years through 2021-22, benefiting wholesalers that serviced foreign buyers and stimulating a revenue expansion. While commodity prices have retracted from their peaks and driven down wholesalers' revenue in the following years, alumina and bauxite supply bottlenecks in China and Guinea have propelled alumina prices in late 2024, boosting Australia's alumina and aluminium export revenue and supporting wholesalers' performance in 2024-25. Heightened steel imports have also given domestic metal and mineral wholesalers an opportunity to source competitively priced grades from abroad, meeting domestic demand while supporting their growth. Revenue is anticipated to have risen at an annualised 1.8% over the five years through 2024-25, including an anticipated 1.8% climb in 2024-25, to $32.6 billion. However, as in most wholesaling industries, profit margins are very slim, and the highly volatile movements have made it hard for many wholesalers to sustain profitability. Larger wholesalers with robust risk-management strategies and supply agreements have adapted better. Meanwhile, smaller players have struggled amid volatile prices, which have caused some smaller wholesalers to exit the industry, resulting in a dip in the number of enterprises over the past five years. Commodity prices are forecast to soften over the medium term, particularly as tensions between major global economies threaten to curtail international trade. Alumina prices spiked in late 2024, but a loosening of supply constraints is anticipated to lower prices in the coming quarters, shrinking wholesalers' revenue base. Weaker Chinese demand, exacerbated by geopolitical frictions like US tariffs and slower global GDP growth, will compound downwards pressure on prices for key commodities like iron ore. However, a rebound in domestic construction activity is set to redirect some wholesalers away from export-focused strategies. As costs stabilise, local residential and commercial projects will likely pick up, with greater emphasis on multi-unit builds and government-backed initiatives like the Housing Australia Future Fund. Over the longer term, there will be a pivot away from fossil fuels, with demand for battery metals – nickel, copper and aluminium – gaining traction as part of the global shift towards cleaner energy. Overall, industry revenue is forecast to dip at an annualised 0.5% over the five years through 2029-30 to $31.9 billion.

In 2024, the copper market in Australia and Oceania was finally on the rise to reach $4.4B for the first time since 2021, thus ending a two-year declining trend. In general, consumption, however, continues to indicate a mild downturn. The level of consumption peaked at $5.5B in 2012; however, from 2013 to 2024, consumption remained at a lower figure.