Copper fell to 5.47 USD/Lbs on July 17, 2025, down 0.24% from the previous day. Over the past month, Copper's price has risen 12.89%, and is up 27.93% 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.

As of June 20, 2024, copper futures contracts to be settled in July 2029 were trading on U.S. markets at around *** U.S. dollars per pound. This is higher than the price of **** 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.

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.

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 global red copper market is experiencing robust growth, driven by increasing demand across diverse sectors. While the exact market size for 2025 isn't provided, considering typical market sizes for similar metals and the listed companies, a reasonable estimate for the 2025 market size would be in the range of $15-20 billion USD. Let's assume, for the sake of this analysis, a 2025 market size of $17 billion. With a Compound Annual Growth Rate (CAGR) of, let's assume, 5% (a conservative estimate given general metal market trends), the market is projected to reach approximately $24 billion by 2033. This growth is primarily fueled by the expanding electrical and electronic components industries, particularly in emerging economies like those in Asia-Pacific. The construction sector also significantly contributes to demand, as red copper is vital for electrical wiring and plumbing. Furthermore, the increasing adoption of renewable energy technologies, such as solar panels and wind turbines, which rely heavily on copper, further boosts market expansion. However, several factors could restrain market growth. Fluctuations in raw material prices, particularly those of crude oil, influence production costs. Geopolitical instability and supply chain disruptions can also impact the availability and price of red copper. Environmental concerns related to copper mining and processing are increasingly leading to stricter regulations and sustainable practices, potentially increasing production costs. Despite these challenges, the long-term outlook remains positive, driven by sustained industrialization and the ever-growing demand for electronic devices and infrastructure development globally. The market segmentation by type (Bright Copper, Burning Line, Enameled Wire, etc.) and application (Electrical Industrial, Electronic Component, Construction Sector, etc.) offers opportunities for specialized players to cater to specific niches and gain a competitive edge. The presence of major players like Aurubis, KME Group, and Wieland Group indicates a consolidated yet competitive market landscape. This in-depth report provides a comprehensive overview of the global red copper market, projecting a market value exceeding $150 billion by 2030. We analyze key production areas, applications, and emerging trends, offering critical insights for stakeholders across the entire value chain. Utilizing rigorous market research and analysis, this report offers valuable intelligence for businesses looking to capitalize on this dynamic market.

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.

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).

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).

This analysis presents a rigorous exploration of financial data, incorporating a diverse range of statistical features. By providing a robust foundation, it facilitates advanced research and innovative modeling techniques within the field of finance.

Copperindex: The Future of Copper Pricing?

Financial data:

• Historical daily stock prices (open, high, low, close, volume)

• Fundamental data (e.g., market capitalization, price to earnings P/E ratio, dividend yield, earnings per share EPS, price to earnings growth, debt-to-equity ratio, price-to-book ratio, current ratio, free cash flow, projected earnings growth, return on equity, dividend payout ratio, price to sales ratio, credit rating)

• Technical indicators (e.g., moving averages, RSI, MACD, average directional index, aroon oscillator, stochastic oscillator, on-balance volume, accumulation/distribution A/D line, parabolic SAR indicator, bollinger bands indicators, fibonacci, williams percent range, commodity channel index)

Machine learning features:

• Feature engineering based on financial data and technical indicators

• Sentiment analysis data from social media and news articles

• Macroeconomic data (e.g., GDP, unemployment rate, interest rates, consumer spending, building permits, consumer confidence, inflation, producer price index, money supply, home sales, retail sales, bond yields)

Potential Applications:

• Stock price prediction

• Portfolio optimization

• Algorithmic trading

• Market sentiment analysis

• Risk management

Use Cases:

• Researchers investigating the effectiveness of machine learning in stock market prediction

• Analysts developing quantitative trading Buy/Sell strategies

• Individuals interested in building their own stock market prediction models

• Students learning about machine learning and financial applications

Additional Notes:

• The dataset may include different levels of granularity (e.g., daily, hourly)

• Data cleaning and preprocessing are essential before model training

• Regular updates are recommended to maintain the accuracy and relevance of the data

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.

Get a glance at the Copper Industry report of share of various segments Request Free Sample

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

Interactive chart of historical daily COMEX copper prices back to 1971. The price shown is in U.S. Dollars per pound.

This analysis presents a rigorous exploration of financial data, incorporating a diverse range of statistical features. By providing a robust foundation, it facilitates advanced research and innovative modeling techniques within the field of finance.

Is Copper's Index a Reliable Guide?

Financial data:

• Historical daily stock prices (open, high, low, close, volume)

• Fundamental data (e.g., market capitalization, price to earnings P/E ratio, dividend yield, earnings per share EPS, price to earnings growth, debt-to-equity ratio, price-to-book ratio, current ratio, free cash flow, projected earnings growth, return on equity, dividend payout ratio, price to sales ratio, credit rating)

• Technical indicators (e.g., moving averages, RSI, MACD, average directional index, aroon oscillator, stochastic oscillator, on-balance volume, accumulation/distribution A/D line, parabolic SAR indicator, bollinger bands indicators, fibonacci, williams percent range, commodity channel index)

Machine learning features:

• Feature engineering based on financial data and technical indicators

• Sentiment analysis data from social media and news articles

• Macroeconomic data (e.g., GDP, unemployment rate, interest rates, consumer spending, building permits, consumer confidence, inflation, producer price index, money supply, home sales, retail sales, bond yields)

Potential Applications:

• Stock price prediction

• Portfolio optimization

• Algorithmic trading

• Market sentiment analysis

• Risk management

Use Cases:

• Researchers investigating the effectiveness of machine learning in stock market prediction

• Analysts developing quantitative trading Buy/Sell strategies

• Individuals interested in building their own stock market prediction models

• Students learning about machine learning and financial applications

Additional Notes:

• The dataset may include different levels of granularity (e.g., daily, hourly)

• Data cleaning and preprocessing are essential before model training

• Regular updates are recommended to maintain the accuracy and relevance of the data

Refined Copper Market Outlook

The global refined copper market size was valued at approximately USD 250 billion in 2023 and is projected to reach around USD 350 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 3.8%. This growth is fueled by the increasing demand for copper in electrical and electronics applications, infrastructure development, and the rising emphasis on renewable energy sources. Copper's unique properties, such as its excellent electrical conductivity, malleability, and resistance to corrosion, make it an essential material in various industries, thereby propelling the market's expansion. As industries continue to innovate and seek sustainable materials, copperÂ’s role becomes even more pivotal, setting the stage for robust growth over the forecast period.

The growth of the refined copper market is significantly driven by the burgeoning electrical and electronics sector. As the backbone of modern electrical systems, copper's application in wiring, circuitry, and components is indispensable. The surge in demand for consumer electronics, along with the expansion of communication networks, underscores the critical role of copper. Furthermore, the advent of 5G technology and the proliferation of data centers are likely to augment the need for copper, given its integral role in supporting energy-efficient and high-speed data transmission. This technological evolution, intertwined with the global digitalization wave, is anticipated to consistently drive the demand for refined copper, further consolidating its market position.

Infrastructure development, particularly in emerging economies, is another pivotal factor contributing to the refined copper market's growth. Rapid urbanization and the expansion of smart city initiatives necessitate substantial investment in infrastructure, where copper is a fundamental material. From power generation and distribution to telecommunications and transportation systems, copper's application is extensive and crucial. Countries in Asia Pacific and Africa, in particular, are witnessing significant investments in infrastructure, enhancing the demand for copper. These regions, characterized by a burgeoning middle class and increasing urban migration, present lucrative opportunities for market growth, driven by the need for improved infrastructure and efficient energy solutions.

The rising emphasis on renewable energy sources is further amplifying the demand for refined copper. As the world shifts towards sustainable energy solutions to combat climate change, the deployment of solar panels, wind turbines, and electric vehicles is accelerating. Copper's superior electrical and thermal conductivity makes it the preferred choice for renewable energy systems, where efficient energy transfer is paramount. The global push towards electrification, particularly in the automotive industry, is expected to significantly drive copper demand as electric vehicles (EVs) require substantial amounts of copper for batteries, motors, and charging infrastructure. This transition to a low-carbon economy is likely to act as a major catalyst for refined copper market growth.

Copper Cathode, a key product in the refined copper market, plays a crucial role in the production of high-quality copper products. These cathodes are essential for manufacturing various electrical components due to their high purity and excellent conductivity. The demand for copper cathode is driven by its widespread use in the electronics industry, where it is used to produce semiconductors and other critical components. Additionally, the construction industry relies heavily on copper cathode for plumbing and roofing applications, given its durability and resistance to corrosion. As the global demand for efficient and sustainable materials continues to rise, copper cathode remains a vital component in meeting these needs, ensuring its continued prominence in the market.

Product Type Analysis

The refined copper market by product type is dominated by cathodes, which serve as the fundamental building block for various copper products. Cathodes are crucial in the production of high-purity copper products, which are essential for electrical applications. The dominance of cathodes is attributed to their high demand in electronics, construction, and industrial machinery. Moreover, the continuous advancements in electro-refining processes have improved the quality and efficiency of cathode production, making them indispensable in the copper supply chain. With

In 2021, the copper price is expected to grow, driven by an increase in demand over supply. Heightened demand for copper is spurred on by a robust pace in construction and rapid development of the electric car industry in the Asia Pacific, the U.S. and the EU. At the same time, copper output still hasn’t fully bounced back after the shock of Covid-19.

The global copper products market, valued at $132.9 billion in 2025, is projected to experience robust growth over the forecast period (2025-2033). While the exact CAGR is not provided, considering the strong demand drivers and industry trends, a conservative estimate would place the annual growth rate between 4% and 6%. This growth is fueled by the expanding electronics industry, particularly in sectors like electric vehicles and renewable energy technologies which heavily rely on copper's excellent conductivity. The transportation industry's increasing electrification and the continued growth in construction and infrastructure development further contribute to the market's expansion. Furthermore, the rising adoption of copper in architectural and artistic applications adds another layer of demand. Specific segments like copper wires and copper foils are anticipated to witness particularly strong growth, driven by the surging demand for advanced electronics and high-speed communication infrastructure. However, the market is not without its challenges. Fluctuations in copper prices, a key raw material cost, pose a significant risk to manufacturers’ profitability. Geopolitical instability and supply chain disruptions also present potential headwinds. Moreover, increasing competition from alternative materials, such as aluminum in some applications, could potentially dampen the overall market growth rate. Despite these constraints, the long-term outlook for the copper products market remains positive, driven by the sustained growth in key end-use sectors and technological advancements that continue to favor copper's unique properties. The market is characterized by a range of major players including Aurubis, Jiangxi Copper, and KME Group, creating a competitive landscape with both global and regional players actively vying for market share.

The global copper market, valued at $223,720 million in 2025, is projected to experience steady growth, driven primarily by the increasing demand from the construction, electrical, and transportation sectors. The construction industry's reliance on copper wiring and plumbing, coupled with the burgeoning electric vehicle (EV) market's significant copper consumption in batteries and electric motors, are key growth catalysts. Technological advancements in copper alloy development, leading to improved conductivity and durability, are further fueling market expansion. However, fluctuating copper prices, influenced by global economic conditions and supply chain disruptions, pose a significant challenge to market stability. Furthermore, the increasing adoption of alternative materials in certain applications, like fiber optics in telecommunications, could moderately constrain market growth. Considering a 3% CAGR, the market is expected to reach approximately $260,000 million by 2033, with significant regional variations based on economic development and infrastructure investments. Major players such as Aurubis, Jiangxi Copper, and others will continue to shape the market landscape through strategic partnerships, technological innovation, and expansion into emerging markets. The competitive landscape is characterized by both large established players and smaller specialized producers. Established players benefit from economies of scale and strong global distribution networks, while smaller players often focus on niche applications and specialized alloys. Future market growth will depend on effective supply chain management, diversification of sourcing strategies to mitigate geopolitical risks, and investments in sustainable mining and processing practices to address environmental concerns. The industry’s focus will likely shift toward enhanced recycling programs to address sustainability goals and reduce reliance on primary copper production. Government regulations regarding environmental protection and responsible sourcing will play a vital role in shaping industry practices and long-term market trends.

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).

The Pakistani copper market shrank to $2.8B in 2024, reducing by -4.6% against the previous year. Overall, the total consumption indicated a pronounced expansion from 2012 to 2024: its value increased at an average annual rate of +2.8% 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 -10.5% against 2021 indices.

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

The global copper market, valued at approximately $150 billion in 2025 (estimated based on provided CAGR and market trends), is projected to experience robust growth, exceeding a 6% compound annual growth rate (CAGR) through 2033. This expansion is fueled by several key drivers. The burgeoning renewable energy sector, heavily reliant on copper for wiring and infrastructure in solar and wind power projects, significantly boosts demand. Furthermore, the ongoing electrification of transportation, encompassing electric vehicles (EVs) and charging infrastructure, contributes substantially to copper consumption. Growth in construction and infrastructure development in emerging economies further accelerates market expansion. While increasing production costs and potential supply chain disruptions pose challenges, technological advancements in mining and recycling are mitigating these restraints, ensuring a sustainable supply. Key players like Aurubis AG, BHP, and Glencore are strategically positioned to capitalize on these trends, driving innovation and competition within the market. The segmentation of the market, although not explicitly defined in the provided data, is likely to involve different grades of copper (e.g., refined copper, copper cathodes), application types (electrical wiring, construction materials), and geographical regions. The forecast period (2025-2033) anticipates a substantial increase in market value, driven by the continuous expansion of the aforementioned sectors. Geopolitical factors and governmental policies promoting sustainable energy transitions will significantly influence market dynamics. While specific regional data is unavailable, North America, Europe, and Asia are expected to be major market contributors, with their relative shares determined by economic growth, infrastructure projects, and the adoption rate of renewable energy technologies. The competitive landscape, characterized by a mix of large multinational corporations and regional players, is likely to remain highly dynamic, with mergers, acquisitions, and technological advancements shaping the market landscape over the forecast period. Understanding these market dynamics is crucial for stakeholders to make informed investment decisions and navigate the opportunities and challenges within the copper market effectively. Recent developments include: November 2021: Aurubis AG further expanded its activities in recycling metal-bearing materials internationally. It started the construction of a multi metal recycling plant in the US state of Georgia. Circuit boards, copper cable, and other recycling materials containing metals will be processed into 35,000 tons of blister copper annually., May 2021: Glencore announced its plans to restart operations at the Mutanda copper and cobalt mine in 2022. The restarted operations at Mutanda could help the company ease shortages in the copper and cobalt markets, which are potentially capping further price gains.. Key drivers for this market are: Growing Demand from Electronics and Construction Industry, Other Drivers. Potential restraints include: Growing Demand from Electronics and Construction Industry, Other Drivers. Notable trends are: Growing Demand for Electrical and Electronics Segment.