Copper fell to 5.54 USD/Lbs on July 11, 2025, down 0.94% from the previous day. Over the past month, Copper's price has risen 14.41%, and is up 20.55% 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.

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

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.

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).

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

Copper prices significantly declined in March 2023, falling to $12,131 per ton (CIF, Germany) - a drop of -30.8% from the previous month.

Graph and download economic data for Wholesale Price of Copper for Berlin, Germany (M0416BDE00BERM370NNBR) from Jan 1904 to Jul 1935 about Berlin, copper, wholesale, Germany, metals, and price.

In September 2022, the copper foil price stood at $18.6 per kg (CIF, China), declining by -9.1% against the previous month.

Chile Average Price: Refined Copper: COMEX data was reported at 2.682 USD/lb in Jan 2019. This records a decrease from the previous number of 2.723 USD/lb for Dec 2018. Chile Average Price: Refined Copper: COMEX data is updated monthly, averaging 1.001 USD/lb from Jan 1973 (Median) to Jan 2019, with 553 observations. The data reached an all-time high of 4.492 USD/lb in Feb 2011 and a record low of 0.520 USD/lb in Jan 1975. Chile Average Price: Refined Copper: COMEX data remains active status in CEIC and is reported by Chilean Copper Commission. The data is categorized under Global Database’s Chile – Table CL.P001: Metal Prices.

In January 2023, the copper stranded wire price grew by 7% to $11,922 per ton (FOB, Germany) compared to the previous month.

In 2022, the Nigerien copper market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Overall, consumption saw a significant increase. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

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.

Aluminum fell to 2,603.70 USD/T on July 11, 2025, down 0.21% from the previous day. Over the past month, Aluminum's price has risen 3.25%, and is up 4.95% 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.

NCDEX: Spot Price: Copper: Mumbai: Second Session data was reported at 855.750 INR/kg in 16 May 2025. This records an increase from the previous number of 855.500 INR/kg for 15 May 2025. NCDEX: Spot Price: Copper: Mumbai: Second Session data is updated daily, averaging 800.100 INR/kg from Jun 2023 (Median) to 16 May 2025, with 477 observations. The data reached an all-time high of 936.300 INR/kg in 21 May 2024 and a record low of 692.400 INR/kg in 23 Oct 2023. NCDEX: Spot Price: Copper: Mumbai: Second Session data remains active status in CEIC and is reported by National Commodity & Derivatives Exchange Limited. The data is categorized under India Premium Database’s Price – Table IN.PB001: Commodities Spot Price: National Commodity & Derivatives Exchange Limited.

After two years of growth, the Ghanian copper market decreased by -11.1% to $X in 2022. Overall, consumption saw a noticeable decline. Copper consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Cobalt traded flat at 33,335 USD/T on July 10, 2025. Over the past month, Cobalt's price has remained flat, but it is still 22.78% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Cobalt - values, historical data, forecasts and news - updated on July of 2025.

The copper production and initial processing industry has increased its turnover over the last five years. On average, there was annual growth of 4.9%. Industry players benefited from an overall rise in the price of copper and growing demand for this metal. The rise in the price of copper since 2020 has contributed significantly to the industry's growth. The transition to e-mobility also played an important role, as electric vehicles require around three times as much copper as conventional vehicles. Despite the positive trend, there were temporary declines in sales due to economic fluctuations and challenges.Copper manufacturers are likely to record a 3.1% decline in turnover in the current year. This means that industry turnover is expected to amount to 24.5 billion euros in 2025. Copper recycling is currently becoming increasingly important. As domestic deposits are low, German copper producers are increasingly focussing on recycling. This reduces dependence on imports and significantly reduces energy consumption. Over the past five years, the profit margin has been subject to moderate volatility. In the current year, the weak construction sector is likely to have a negative impact on the industry's profit margin. In view of the slowdown in the construction industry, copper producers are adjusting their strategies and focussing more on other growth areas such as electromobility and renewable energies. The industry is investing in technological innovations and optimising its production processes in order to increase efficiency and sustainability. Climate-friendly solutions are being developed to reduce environmental pollution. This includes the development of innovative, lead-free copper alloys in order to fulfil stricter EU directives. For the period between 2025 and 2030, IBISWorld expects industry turnover to increase by an average of 0.8% per year. In 2030, industry turnover is expected to amount to 25.4 billion euros. Copper is also likely to play a central role in the energy transition in the coming years, not least because of its suitability for hydrogen-based technologies. The material properties of copper make it ideal for this transition. At the same time, Asia is gaining in importance as the most important global sales market, while Europe and the USA are losing market relevance. This shift is prompting European manufacturers to adapt their business models to capitalise on sales opportunities in Asia, while at the same time increasing their efficiency through advanced technologies. Investment in innovative manufacturing processes and increased recovery of copper from scrap is essential. Strategic partnerships with research organisations and technology providers are key to developing sustainable solutions and remaining a major player in the global market.

The data set is part of a LCA study on copper products. The study is based on recent industry data supplied by the European copper industry, and thus reflecting the reality in copper semis fabrication. Copper wiring is the standard in residential building wire and its use in transformers and motor driven systems helps to increase energy efficiency. In electrical applications, while the use phase is the most important in the overall Life Cycle Assessment, the economic value of copper scrap, based on its ability to be recycled 100% without any loss in performance, must also be included in comparative assessments. Given the broad range of wire diameters in use in the market, the data provided is for one metre of uninsulated copper wire, with a cross section of one square millimetre. The data values should be adjusted to fit the exact wire size for any given application. For example, a typical residential building wire has a cross section of 2.5 square millimetres.

Technical Purpose: Copper wire for usage in electric motors (all kind of electric coils), conductors, inductors as well as for wiring in cars, houses / buildings, ships, aircrafts, etc.

Geographical Representation: EU-25