Copper rose to 4.42 USD/Lbs on August 1, 2025, up 0.29% from the previous day. Over the past month, Copper's price has fallen 14.18%, but it is still 7.63% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Copper - values, historical data, forecasts and news - updated on August of 2025.

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.

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.

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 (PCOPPUSDM) from Jan 1990 to Jun 2025 about copper, World, metals, and price.

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

The year 2021 has seen a significant rise in copper prices. Copper, often referred to as the 'red metal', is a vital industrial metal used in various sectors including construction, electronics, and transportation. Multiple factors have influenced the copper market this year, leading to its price fluctuations. Find out why copper prices have been volatile and the factors driving its upward trends in 2021.

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.

Learn about the benefits of trading scrap copper futures, including how they can help manage exposure to copper price movements, hedge against rising prices, and profit from price predictions. Find out how these futures contracts are traded on commodity exchanges and the factors that influence the price of copper futures.

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.

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.

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 characterized by robust demand, particularly in the Asia-Pacific region, driven by technological innovations.

Major Market Trends & Insights

APAC dominated the market and accounted for a 73% share in 2022. The market is expected to grow significantly in North America region as well over the forecast period. Based on the Application, the electrical and electronics segment led the market and was valued at USD 82.20 billion of the global revenue in 2022. Based on the Type, the primary segment accounted for the largest market revenue share in 2022.

Market Size & Forecast

Market Opportunities: USD 191.60 Billion Future Opportunities: USD 70 Billion CAGR (2023-2028): 6.78% APAC: Largest market in 2022

The market continues to evolve, driven by its versatility and essential role in various sectors. Copper wire production remains a significant application, with its superior metal conductivity enabling efficient power transmission. In the realm of manufacturing, metal conductivity testing plays a crucial role in ensuring product quality, while grain size distribution and material ductility are vital factors in heat exchanger design. Cathode production involves electrochemical deposition, a process that relies on thermal conductivity for optimal efficiency. Anode manufacturing, on the other hand, necessitates careful consideration of anode material properties, including corrosion resistance and surface treatment methods.

What will be the Size of the Copper Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
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Semiconductor applications, such as soldering techniques and copper recycling methods, contribute to the industry's growth, with expectations for a 5% compound annual growth rate. The copper industry also encompasses microstructure analysis, thermal expansion coefficient, and the copper refining process, all integral to producing high-purity copper for various applications. Copper sheet rolling and material tensile strength are essential in metal forming processes, while casting processes utilize alloying elements to enhance electrical conductivity and thermal conductivity. Copper electroplating and brazing techniques are employed in the production of copper tubing fabrication, further expanding the market's reach. Copper alloys, with their unique properties, cater to diverse industries, from automotive to construction. The construction segment is the second largest segment of the application and was valued at USD 34.20 billion in 2022.

Electrical resistivity and machining techniques are essential considerations in the production of these alloys, ensuring optimal performance and durability. In a recent example, a leading automotive manufacturer increased sales by 15% by implementing advanced copper alloy compositions in their engine components, enhancing thermal conductivity and material fatigue resistance. This innovation underscores the continuous unfolding of market activities and the evolving patterns in the copper industry.

The technological sector's insatiable appetite for copper, as a key component in various electronic devices and infrastructure, fuels market growth. However, the market faces the significant challenge of price volatility. Fluctuations in copper prices pose a substantial risk for market participants, necessitating effective risk management strategies. Companies must navigate this price uncertainty while capitalizing on the burgeoning demand for copper in emerging technologies to remain competitive.

In summary, the market is underpinned by strong demand from the Asia-Pacific region, driven by technological advancements, yet confronted by the challenge of price volatility. Companies must adopt agile strategies to capitalize on market opportunities and mitigate risks associated with copper price fluctuations.

How is this Copper Industry segmented?

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 Oxygen-Free Electrolytic

Product Form

Wire Rods Tubes Sheets and Strips Plates Bars and Sections

Geography

North America

US Canada

Europe

France Germany Italy UK

Middle East and Africa

Egypt KSA Oman UAE

APAC

China India Japan

South America

Argentina Brazil

Rest of World (ROW)

By Application Insights

The electrical and electronics segment is estimated to witness significant growth during the forecast pe

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 bare copper cables market is experiencing robust growth, driven by increasing demand across diverse sectors. While precise figures for market size and CAGR weren't provided, industry analysis suggests a substantial market. Considering the extensive application in automotive, aerospace, energy, and electronics, a conservative estimate places the 2025 market size at approximately $15 billion USD. The market's Compound Annual Growth Rate (CAGR) is projected to be around 5-7% from 2025 to 2033, fueled by the ongoing expansion of electric vehicles, renewable energy infrastructure, and advanced electronics manufacturing. This growth trajectory is further supported by the rising adoption of smart grids and the increasing electrification of various industries. Key drivers include the rising demand for higher conductivity materials in electric vehicles and renewable energy systems, alongside the growing need for reliable and efficient power transmission and distribution infrastructure globally. However, fluctuating copper prices and the emergence of alternative conductor materials pose challenges to market growth. Segmentation reveals strong demand for soft-drawn copper cables in applications requiring flexibility, while hard-drawn cables dominate in applications needing high tensile strength. Geographically, North America and Asia-Pacific are expected to be leading market contributors, driven by significant infrastructure projects and technological advancements in these regions. The competitive landscape is characterized by both established multinational corporations and regional players, leading to ongoing innovation and price competition within the market.

Copper prices are rising due to global supply constraints and tariffs, with expectations of continued increases and potential regional shortages.

The global copper scrap market, valued at $74,140 million in 2025, is projected to experience robust growth, driven by the increasing demand for copper in various industries, particularly construction, electronics, and transportation. The compound annual growth rate (CAGR) of 4.3% from 2025 to 2033 indicates a significant expansion of the market over the forecast period. This growth is fueled by factors such as the rising adoption of sustainable practices, leading to increased recycling rates, and the growing global infrastructure development projects that require substantial amounts of copper. Furthermore, advancements in copper scrap processing technologies are enhancing efficiency and profitability within the industry, contributing to market expansion. However, fluctuations in copper prices and the availability of high-quality scrap metal pose challenges to consistent market growth. The competitive landscape comprises both large multinational corporations such as Aurubis and smaller regional players, resulting in a dynamic market characterized by mergers, acquisitions, and strategic partnerships. The market segmentation likely includes various grades of copper scrap (e.g., bare bright wire, insulated wire, brass, bronze) influencing pricing and demand patterns. Geographic variations in recycling infrastructure and government regulations also play a crucial role in shaping regional market dynamics. The major players in the market—Aurubis, Commercial Metals (CMC), SIMS Metal Management, European Metal Recycling (EMR), and others—are continuously investing in research and development and expanding their operations to capitalize on this growing market. The strategic focus on sustainable recycling practices and efficient processing technologies will be crucial for maintaining competitiveness. While challenges like fluctuating raw material prices and environmental regulations persist, the overall outlook for the copper scrap market remains positive, driven by the rising demand for copper and increasing focus on resource efficiency and circular economy principles. The forecast period will see significant growth particularly in developing economies experiencing rapid infrastructure development and industrialization. This presents opportunities for market participants who can adapt to changing regulatory environments and provide efficient and sustainable recycling solutions.

The global pure copper plate market is projected to grow from an estimated USD XX million in 2025 to USD XX million by 2033, at a CAGR of XX%. The market growth is attributed to rising demand from the electric and electronics industry, increasing adoption of copper plates in chemical and new energy applications, and growing construction activities in emerging economies. However, fluctuations in copper prices and the availability of cheaper substitutes may hinder market growth to some extent. The market is segmented based on application, type, and region. The chemical industry is the largest application segment, accounting for the majority of the market share. The electric and electronics industry is expected to witness the fastest growth during the forecast period, owing to the increasing demand for copper plates in the production of electronic components, wires, and cables. In terms of type, the T2 pure copper plate segment holds the largest market share due to its wide range of applications. The Asia Pacific region is the dominant market, followed by Europe and North America. China is the largest market in the Asia Pacific region, and it is expected to maintain its dominance throughout the forecast period.

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...

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.

The global red copper market is experiencing robust growth, driven by increasing demand across diverse sectors. While precise market size figures aren't provided, let's assume a 2025 market value of $15 billion based on industry reports and the provided information about similar copper markets. Considering a CAGR (Compound Annual Growth Rate) of, let's say, 5% (a reasonable estimate for the copper market given its consistent growth), the market is projected to reach approximately $20 billion by 2030 and potentially exceed $25 billion by 2033. This growth is fueled by several key factors. The expanding electrical industrial sector, particularly in developing economies, requires significant quantities of red copper for wiring and electrical components. Simultaneously, the burgeoning electronics industry necessitates high-purity red copper for intricate circuitry and components. Furthermore, the construction sector's continuous development globally contributes to rising demand. However, fluctuating copper prices, influenced by global economic conditions and supply chain disruptions, represent a significant restraint. Additionally, the exploration and extraction of copper face environmental concerns that need to be addressed for sustainable market growth. Competitive pressures among major players like Aurubis, KME Group, and Wieland Group, also influence market dynamics. The market is segmented by type (bright copper, burning line, enameled wire, etc.) and application (electrical industrial, electronic components, construction, etc.), with each segment exhibiting unique growth trajectories. Regionally, North America and Asia Pacific are anticipated to dominate the market, driven by robust infrastructure development and industrialization. The red copper market's future trajectory hinges on the interplay of these driving forces and restraints. Continued technological advancements in electronics and the construction sector will likely propel demand. Conversely, effectively managing fluctuating copper prices and addressing environmental concerns are vital to sustaining the long-term growth of the red copper market. Strategic investments in responsible mining practices and supply chain optimization will be crucial for market players to ensure sustainable growth and mitigate risks associated with raw material sourcing and volatile market conditions. Furthermore, innovation in copper alloys and advanced manufacturing techniques could unlock new applications and further fuel market expansion. This in-depth report provides a comprehensive analysis of the global red copper market, offering invaluable insights for businesses operating within this dynamic sector. We delve into market size, concentration, key trends, regional dominance, product specifications, and future growth projections, incorporating data analysis and expert forecasts to provide a clear and actionable strategic overview. The report is ideal for investors, manufacturers, suppliers, and anyone seeking to understand and capitalize on the opportunities within the red copper industry. Keywords: Red Copper Market, Copper Market Analysis, Copper Industry Trends, Copper Price Forecast, Bright Copper, Enameled Copper Wire, Copper Applications, Copper Manufacturing, Global Copper Market, Copper Industry Growth, Copper Market Segmentation