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.

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.

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

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.

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).

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

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 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.

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.

North America saw notable developments in the copper wire market during Q1 2025, largely driven by geopolitical uncertainty, shifting demand patterns, and evolving supply chain conditions. The USA, being a major importer and consumer, played a central role in shaping regional dynamics. In the U.S., copper wire prices rose 3.5% quarter-on-quarter, closing Q1 at USD 23,378/mt CFR San Diego. Price momentum remained consistently upward throughout the quarter, influenced by policy uncertainty, including the Section 232 investigation into copper imports.

The global electronic grade copper market is experiencing robust growth, projected to reach a value of $5,758 million in 2025 and maintain a Compound Annual Growth Rate (CAGR) of 6.2% from 2025 to 2033. This expansion is fueled by the increasing demand for electronics and electrical components across diverse sectors. The rise of electric vehicles, advancements in renewable energy technologies (particularly solar and wind power), and the burgeoning 5G infrastructure are key drivers pushing up consumption. Furthermore, the growing adoption of copper in aerospace and medical devices, owing to its excellent conductivity and biocompatibility, contributes significantly to market growth. While supply chain constraints and fluctuating copper prices pose potential restraints, innovation in copper alloying and recycling initiatives are mitigating these challenges. The market is segmented by product type (copper tube, plate, bar, block, powder, and wire) and application (electronics and electrical, automotive, aerospace, medical, building & construction, and others), reflecting the versatility of electronic grade copper across various industries. The geographical distribution shows strong growth in Asia-Pacific, driven by high demand from China and India, complemented by steady growth in North America and Europe. The competitive landscape is marked by a blend of established multinational corporations and regional players. Major companies such as Aurubis, Wieland-Werke, KGHM Polska Miedz, and Mitsubishi Materials hold substantial market share, leveraging their extensive production capabilities and global distribution networks. However, smaller companies are also contributing significantly through specialized products and regional expertise. The forecast period (2025-2033) anticipates continued growth driven by technological advancements and sustained demand from key end-use sectors. The market is expected to see further consolidation through mergers and acquisitions as companies seek to enhance their market positions and expand their product offerings. Strategic partnerships and investments in research and development will also play a crucial role in shaping the future of the electronic grade copper market.

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.

Copper Scrap Sales Market Outlook

The global copper scrap sales market size was valued at USD 34.8 billion in 2023 and is projected to reach USD 52.4 billion by 2032, growing at a compound annual growth rate (CAGR) of 4.5% during the forecast period. The growth of this market is driven by increasing demand for sustainable and eco-friendly materials, coupled with the rising utilization of copper across various industries such as construction, automotive, and electronics.

One of the primary growth factors propelling the copper scrap sales market is the rising emphasis on recycling and sustainability. As industries and governments worldwide pivot towards reducing carbon footprints and conserving natural resources, the recycling of copper scrap has gained substantial traction. Copper, being 100% recyclable without any loss of quality, stands as a crucial material in the circular economy. This recyclability not only conserves natural copper resources but also consumes significantly less energy compared to the extraction and processing of virgin copper, thereby reducing greenhouse gas emissions.

The rapid industrialization and urbanization, particularly in developing regions, are also significant drivers of market growth. Countries in Asia Pacific, such as China and India, are experiencing a surge in construction activities and infrastructure development, which in turn boosts the demand for copper. The automotive industry is another key sector that heavily relies on copper for manufacturing various components, including electrical systems and wires. As the production of electric vehicles (EVs) escalates, the demand for copper and its recycling is expected to soar, further augmenting the copper scrap sales market.

Advancements in technology and recycling processes are playing a critical role in the market's expansion. Enhanced methods for sorting and processing scrap copper have improved the efficiency and quality of recycled copper. Innovations such as automated sorting systems and advanced shredding techniques have minimized contamination and maximized recovery rates. These technological improvements not only reduce the operational costs associated with recycling but also make it more economically viable and attractive for businesses, thereby fueling market growth.

In the context of these technological advancements, the Copper Wire Granulator has emerged as a pivotal tool in the recycling industry. This equipment is specifically designed to process scrap copper wires and cables, efficiently separating the copper from the insulation. By utilizing a Copper Wire Granulator, recyclers can significantly enhance the purity and quality of the recovered copper, making it more valuable for resale and reuse. The granulator's ability to handle various types of copper wire, including insulated and non-insulated, makes it a versatile solution for recycling operations. As the demand for high-quality recycled copper continues to rise, the adoption of such advanced machinery is expected to increase, supporting the overall growth of the copper scrap sales market.

Regionally, the copper scrap sales market exhibits diverse dynamics. North America and Europe are mature markets with well-established recycling infrastructures and stringent environmental regulations that promote the use of recycled materials. In contrast, Asia Pacific is emerging as a lucrative market due to rapid industrial growth and infrastructural development. The region's large-scale manufacturing activities and increasing awareness about sustainability are expected to drive significant market growth. Latin America and the Middle East & Africa, although smaller markets, are gradually catching up as they develop their recycling capabilities and industrial sectors.

Bare Bright Copper Analysis

Bare bright copper, often referred to as "bright and shiny" copper, is one of the highest-grade copper scraps available. It comprises clean, unalloyed, uncoated, and uninsulated copper wire and cables, typically stripped from electrical wiring. This segment is highly valued in the market due to its high purity and excellent conductive properties, making it a preferred choice for industries requiring high-quality copper. The demand for bare bright copper is particularly strong in the electrical and electronics industries, where superior conductivity is essential.

The market for bare bright copper is driven by its extensive use in electrical appl

According to Cognitive Market Research, the global Copper Products market size will be USD 4514.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 4.50% 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 1805.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.7% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 1354.35 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 1038.34 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 225.73 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.9% 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 90.29 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.
The pure copper category is the fastest growing segment of the Copper Products industry

Market Dynamics of Copper Products Market

Key Drivers for Copper Products Market

Growing Demand in Electrical & Electronics Sector to Boost Market Growth

The expansion of the copper products market is primarily driven by surging demand in the electrical and electronics sector. The production of wires, cables, connections, and electronic components requires copper because of its exceptional electrical conductivity, robustness, and thermal qualities. The use of copper is increasing due to the rise in consumer electronics, including laptops, cell phones, and smart gadgets. Copper product demand is also being increased by the development of electrical infrastructure, including transmission lines, transformers, and renewable energy systems. Electric vehicles (EVs), 5G networks, and Internet of Things (IoT) gadgets are examples of cutting-edge technologies that are driving industry expansion. Copper is becoming an increasingly important material in contemporary electrical applications as industry places a higher priority on energy efficiency.

Expansion of Renewable Energy Projects to Drive Market Growth

The development of renewable energy projects is a major factor propelling the growth of the copper products market. Because of its superior electrical conductivity, resistance to corrosion, and longevity, copper is a crucial component in renewable energy systems like solar, wind, and energy storage technologies. Copper is essential to the manufacturing process, transmission, and distribution of power in solar panels, wind turbines, and battery storage systems. Infrastructure spending for renewable energy is increasing due to the worldwide shift to sustainable energy, which is being fueled by government subsidies, carbon reduction targets, and sustainability objectives. Further driving up demand for copper is the growth of energy-efficient transmission lines and smart grids. As the use of renewable energy keeps growing, copper continues to be a vital component driving the green energy revolution.

Restraint Factor for the Copper Products Market

The Availability of Alternative Materials Like Aluminum, Plastic, And Optical Fiber, will Limit Market Growth

The expansion of the copper products market is severely limited by the existence of substitutes. Because of their affordability, low weight, and improved technology, materials like plastics, aluminum, and optical fiber are being utilized more and more as substitutes. For instance, due to its lower weight and cost as compared to copper, aluminum is frequently chosen for power transmission lines and wiring systems. In the same way, optical fibers are taking the place of copper cables in telecommunications because of their increased capacity to send data across vast distances. Plastic pipes are becoming more used in plumbing and construction because they are lightweight and resistant to corrosion. These substitutes lower demand for copper products, particularly in competitive and cost-sensitive industries, which limits market expansion overall.

Impact of Covid-19 on the Copper Products Market

The market for copper products was affected in numerous ways because of the COVID-19 epidemic. At first, widespread ...

Aluminum fell to 2,593.65 USD/T on July 15, 2025, down 0.10% from the previous day. Over the past month, Aluminum's price has risen 2.99%, and is up 5.37% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Aluminum - values, historical data, forecasts and news - updated on July of 2025.

Throughout Q1 2025, the copper sulphate market in North America experienced consistent price declines, driven by ample supply and subdued demand across key sectors. In January, prices eased as inventory levels remained high due to steady domestic production and increased imports from cost-competitive Asian suppliers. Despite stable feedstock costs, demand was weak in both agrochemical and industrial sectors, compounded by winter-related slowdowns and broader economic uncertainty.

Lead fell to 2,028.48 USD/T on July 11, 2025, down 0.69% from the previous day. Over the past month, Lead's price has risen 1.60%, but it is still 8.21% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Lead - values, historical data, forecasts and news - updated on July of 2025.

The global copper coil market is expected to grow from a value of 674.52 million in 2025 to 997.81 million by 2033, exhibiting a CAGR of 3.24% during the forecast period. The market is primarily driven by the rising demand for copper coils in various applications, including air conditioning, refrigeration, heating systems, electrical equipment, and others. The increasing adoption of energy-efficient appliances and the growing construction industry are further contributing to the market growth. In terms of end-use industry, the HVAC segment is anticipated to account for the largest share of the copper coil market. The growing demand for air conditioning and refrigeration systems, particularly in developing regions, is fueling the segment's growth. Other end-use industries, such as automotive, construction, and electronics, are also expected to contribute to the market expansion over the forecast period. The presence of major manufacturers such as Southern Copper Corporation, Vedanta Resources, Rio Tinto, Freeport-McMoRan, and China Copper Corporation, among others, ensures a competitive market landscape. The global copper coil market is witnessing significant expansion, driven by rising demand from various end-use industries. The market is expected to grow at a CAGR of X% from $XX million in 2022 to $XX million by 2028. Recent developments include: The Copper Coil Market has witnessed notable developments recently, particularly among key industry players. Southern Copper Corporation has expanded its copper production capabilities, while Vedanta Resources has announced plans to enhance its processing capacity, aiming to meet rising demand. Teck Resources has been actively exploring strategic partnerships to bolster its market position, while Rio Tinto focuses on sustainability initiatives to minimize environmental impact. Freeport-McMoRan continues to optimize its operations, forecasting increased production. Moreover, China's Copper Corporation is ramping up exports amid strategic government policies favoring domestic industry growth. First Quantum Minerals and Glencore are investing significantly in exploration projects, seeking to tap into new reserves. Antofagasta PLC and Turquoise Hill Resources remain committed to innovation, enhancing profitability through technology. BHP Group is involved in discussions around asset optimization, while Jiangxi Copper Corporation and Grupo México are positioned to benefit from anticipated market growth. Recent merger and acquisition activities are limited but notable, with companies like Sumitomo Metal Mining exploring collaborative ventures to expand their extraction and processing capacities. Market valuation for these firms reflects optimism, translating into increased stock prices and investment attractiveness within the evolving copper landscape.. Key drivers for this market are: Growing demand for renewable energy, Rising use in electrical vehicles; Expansion of HVAC systems; Increasing construction activities globally; Advancements in manufacturing technologies. Potential restraints include: rising demand in HVAC applications, increasing automotive production; fluctuating copper prices; growing renewable energy sector; technological advancements in manufacturing.

The size of the Copper Stranded Wire Market was valued at USD 158.9 Billion in 2023 and is projected to reach USD 249.1 Billion by 2032, with an expected CAGR of 5.8% during the forecast period. Copper stranded wires, made up of numerous copper strands twisted together which are highly used for applications that require both flexibility and excellent conductivity. Their adaptability makes them suitable for a wide range of applications, including infrastructure projects like residential, commercial, and industrial constructions. Furthermore, the expansion of the energy sector—including renewable energy projects and grid upgrades—increases the demand for high-quality copper stranded wires for efficient power transmission and distribution. Technological developments, such as better insulation and performance qualities, provide chances for market differentiation and expansion into new applications. However, the market remains sensitive to changes in copper prices, with raw material cost volatility possibly affecting manufacturing expenses and overall market pricing. Key drivers for this market are: , Increasing Energy Requirement; Developments of Products with More Flexible and Functional Application. Potential restraints include: , Loss of Energy Due to Proximity Effect; Expensive to Manufacture. Notable trends are: Growing Demand from the Construction Industry.

The Luxembourg copper market rose modestly to $X in 2022, picking up by 4.7% against the previous year. The market value increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in years to come.