Copper fell to 4.42 USD/Lbs on July 31, 2025, down 4.11% from the previous day. Over the past month, Copper's price has fallen 12.45%, but it is still 8.36% 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 July of 2025.

Graph and download economic data for Global price of Copper (PCOPPUSDQ) from Q1 1990 to Q2 2025 about copper, World, metals, and price.

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.

Copper prices decline due to uncertainty over the US-China tariff truce, causing market skepticism and impacting futures on Comex.

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 average annual copper price is forecast to drop by 6% y-o-y to $8,800 per ton this year. Boosting supply in the global copper ore market is to push prices down, while the global demand languishes with slowed construction activity in China.

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 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.

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

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...

In August 2022, the copper price per ton amounted to $6 per kg, surging by 62% against the previous month.

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.

In June 2023, the Copper price was $8,547 per ton (CIF, China), showing a decrease of -3.4% compared to the previous month.

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.

Copper Concentrate Market size was valued at USD 19.3 Billion in 2023 and is projected to reach USD 35.6 Billion by 2031, growing at a CAGR of 8.2% during the forecast period 2024-2031.

Global Copper Concentrate Market Drivers

The market drivers for the Copper Concentrate Market can be influenced by various factors. These may include:

Demand from Electric Vehicles and Renewable Energy: The increasing demand for electric vehicles (EVs) and renewable energy technologies significantly drives the copper concentrate market. As global efforts to combat climate change intensify, industries are shifting toward sustainable options, and copper's excellent conductivity makes it an essential component in EVs and solar panels. The International Energy Agency projects substantial growth in EV production, requiring vast amounts of copper for batteries and wiring. Additionally, renewable energy infrastructures like wind and solar power are also copper-intensive. This surge in demand is expected to create supply challenges, thereby impacting copper concentrate prices and market dynamics.

Infrastructure Development: Infrastructure development is a key driver of the copper concentrate market. Governments around the world have initiated large-scale infrastructure projects to bolster economic growth and employment, particularly in emerging markets. These projects, including roads, bridges, and public transportation systems, often require significant amounts of copper for electrical systems and construction materials. For instance, updated infrastructure policies in countries like the United States and China promise to increase demand for copper. Consequently, as these projects progress, the demand for copper concentrate is expected to rise, exerting upward pressure on prices and encouraging investment in mining operations.

Global Copper Concentrate Market Restraints

Several factors can act as restraints or challenges for the Copper Concentrate Market. These may include:

Environmental Regulations: The copper concentrate market faces significant constraints due to stringent environmental regulations aimed at minimizing the impact of mining and processing activities. Governments worldwide have implemented laws to reduce emissions and promote sustainable practices, leading to increased operational costs for mining companies. Processing copper concentrate generates waste and requires proper treatment due to potential pollutants such as heavy metals. Compliance with these regulations can limit production capabilities, increase capital expenditures for environmental management, and slow down project approvals. Companies must invest in cleaner technologies, which can divert funds from exploration and development, thereby restricting market growth.

Fluctuating Copper Prices: Fluctuations in global copper prices significantly restrain the copper concentrate market. Prices are influenced by geopolitical factors, supply-demand dynamics, and economic conditions, creating uncertainties for miners and traders. When prices decline, mining companies often scale back production or delay new investments, leading to reduced availability of concentrate in the market. Such volatility can deter new entrants, spooking investors during periods of low prices. Furthermore, inconsistent pricing affects long-term contracts and can create cash flow issues, complicating financial planning for businesses that rely on steady market conditions for sustainable operations.

In June 2023, the Copper price was $6,114 per ton (FOB, Spain), which was similar to the previous month.

The copper rolling, drawing and extruding industry has been undergoing significant technological and operational advancements to secure long-term competitiveness. Producers are integrating advanced manufacturing technologies such as automation, robotics and real-time data analytics into their operations. There is also a focus on enhancing recycling capabilities to reduce dependence on volatile global supply chains. This push toward technological advancement comes as a response to the industry's tight supply, rising input costs and growing customer expectations. Companies are adopting predictive maintenance and expanding their recycling infrastructure, as well as building strategic partnerships to strengthen their competitive position. Through the five years to 2025, revenue has gained at a CAGR of 6.1% to $37.3 billion in 2025, despite a 2.3% drop anticipated in 2025. The industry faces immediate and multifaceted challenges because of the global convergence of persistent supply constraints and robust demand, which have led to climbing copper prices. This volatility complicates inventory management, contract negotiations and squeezes profit. This ripple effect raises costs for industries reliant on copper products and tariffs and global trade frictions dampen demand for fabricated copper goods. This has led companies to focus on strengthening domestic supply chains and customer relationships and preparing for a more insular market environment. Expectations for the future performance of the copper rolling, drawing and extruding industry are mixed because of persistent price volatility, supply constraints, surging demand and geopolitical tensions. This uncertainty complicates operational planning and margin management; however, producers are still expected to leverage new design technologies to create efficient, durable copper products tailored to evolving end-user needs. There's an expected investment in R&D, advanced manufacturing technologies and collaborative product development to maintain competitiveness. The industry must continue strengthening domestic supply chains, investing in production modernization and expanding recycling capabilities to offset potential shortages and cost pressures from the complex global landscape. Resilience and agility will be key to maintaining competitiveness in the face of these challenges. Following these trends, revenue will climb at a CAGR of 0.6% to $38.3 billion through the end of 2030.

According to Cognitive Market Research, the copper market size is expected to reach USD XX Million by 2024 and is projected to grow to USD XX Million by the end of 2033, expanding at a CAGR of XX% from 2025 to 2033.

Asia-Pacific held largest share of XX% in the year 2024 
Europe held share of XX% in the year 2024 
North America held significant share of XX% in the year 2024 
South America held significant share of XX% in the year 2024
Middle East and Africa held significant share of XX% in the year 2024 

Market Dynamics of Copper Industry

Key drivers

A global shift towards electrification and renewable energy is driving the market growth for the copper market.

The world's move towards electrification and renewable energy is propelling strong growth in the copper market. Copper plays a crucial role in a vast array of uses, particularly as the world ramps up the shift towards clean energy and electric vehicles (EVs). EVs use far more copper than internal combustion engine vehicles while a standard car holds approximately 23–55 kg of copper, an average battery electric vehicle employs approximately 83 kg, and electric buses need anywhere from 89 kg to as much as 369 kg, depending on battery capacity. This boom in EV manufacturing, fueled by tightening emissions regulations and government incentives, is largely responsible for driving copper demand. Apart from that, advancements in automobile technology and the growth of copper demand for charging infrastructure are also augmenting copper demand. Outside the automotive market, copper's essential role in solar and wind energy systems infrastructure and accelerated industrialization and urbanization continues to support market demand. Market demand is also aided by the high recyclability of copper, in which secondary copper is gaining ground and significantly contributing to total supply. Despite this surging demand, particularly from the EV and renewable industries, it is happening in conjunction with possible supply limitations, thus exerting upward pressure on copper prices. Consequently, the copper market is active and being influenced by growing applications and shifting supply-demand dynamics, with the world's transition towards electrification and sustainability at its centre.

Source:https://internationalcopper.org/wp-content/uploads/2017/06/2017.06-E-Mobility-Factsheet-1.pdf

Restraints

Environmental Regulations and Sustainable Mining are restricting the market growth of the copper market.

Producers of copper nowadays are confronted with increasing difficulties owing to stricter environmental legislation and greater public pressure on the mining sector. Complying with these enhanced environmental standards entails substantial investment, which in turn contributes to increased production costs. Copper mining has been known to result in severe environmental issues, including pollution of air and water, destruction of habitats, and release of toxic chemicals. A chief concern is acid mine drainage (AMD), where minerals exposed to water and oxygen react, polluting surrounding water sources and affecting ecosystems. Mining usually entails excavating enormous holes deeper than the water table and employing heavy equipment that produces dust and contaminates the air. Chemicals employed in the extraction of copper from ore can further pollute water supplies, and in others, such as Freeport's Tyrone mine, firms must continue to pump water indefinitely in order to stop seepage of contaminated water into the broader environment even after mining has ceased. Meanwhile, growing pressure exists for copper to be mined sustainably and responsibly, forcing firms to improve their environmental practices. Copper recycling has also increased, cutting down on some of the demand for newly produced copper. Overall, all these factors make it harder and costlier for the copper producers to function, as well as encourage them to look for greener and more sustainable options.

How did COVID-19 impact the Copper industry?

The COVID-19 outbreak severely disrupted the worldwide copper supply chain. Labour shortages, lower production as a result of safety regulations, and logistical difficulties in delivering copper products were among the obstacles encountered by mines and smelters. These interruptions reduced copper output, reducing the supply of refined copper for a variety of sectors.&n...

The global market for 99.99% or above copper experienced robust growth between 2019 and 2024. While precise figures for market size and CAGR are unavailable, industry analysis suggests a significant expansion driven by the burgeoning electronics industry, particularly in renewable energy technologies and electric vehicles. The increasing demand for high-purity copper in these sectors is a primary driver, fueling substantial investments in refining and processing capabilities. Technological advancements in extraction and purification methods have also contributed to improved efficiency and lower production costs, further bolstering market growth. Key players like XGC, Tongling Nonferrous Metals Group Holding, and Mitsubishi Materials are leveraging these trends to consolidate their market positions, investing heavily in research and development to maintain a competitive edge. Looking ahead to 2033, this upward trajectory is projected to continue. Assuming a conservative CAGR of 5% based on similar high-purity metal markets, and estimating a 2025 market size of $15 billion USD (a reasonable figure given the substantial demand and high value of this material), the market is expected to reach approximately $25 billion by 2033. However, the market faces challenges including fluctuating commodity prices, potential supply chain disruptions, and environmental concerns related to copper mining and processing. Stringent environmental regulations and sustainability initiatives are pushing companies to adopt more eco-friendly practices, presenting both challenges and opportunities for innovation in the industry. The ongoing development of sustainable sourcing and recycling initiatives will be crucial for long-term market stability and growth.

According to ** decision makers in the global mining and metals industry who participated in the survey, a ** percent share of the respondents stated that copper prices are more likely to recover the quickest post-COVID-19.

Other mineral commodity prices, such as nickel, coal, and aluminum, are not expected to recover as easily as copper and gold following the pandemic. For instance, the global demand for coal fell significantly during the pandemic, which led to prices falling sharply.