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. In 2025, the price rose again to U.S. dollars per metric ton.
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 2023 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.Â
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.
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Norilsk Nickel. (June 30, 2026). Average annual market price of copper from 2010 to 2025 (in U.S. dollars per metric ton) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 23, 2026, from /statistics/533292/average-price-of-copper/
Norilsk Nickel. "Average annual market price of copper from 2010 to 2025 (in U.S. dollars per metric ton)." Chart. June 30, 2026. ÌÇÐÄÆƽâ°æ. Accessed July 23, 2026. /statistics/533292/average-price-of-copper/
Norilsk Nickel. (2026). Average annual market price of copper from 2010 to 2025 (in U.S. dollars per metric ton). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 23, 2026. /statistics/533292/average-price-of-copper/
Norilsk Nickel. "Average Annual Market Price of Copper from 2010 to 2025 (in U.S. Dollars per Metric Ton)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 30 Jun 2026, /statistics/533292/average-price-of-copper/
Norilsk Nickel, Average annual market price of copper from 2010 to 2025 (in U.S. dollars per metric ton) ÌÇÐÄÆƽâ°æ, /statistics/533292/average-price-of-copper/ (last visited July 23, 2026)
Average annual market price of copper from 2010 to 2025 (in U.S. dollars per metric ton) [Graph], Norilsk Nickel, June 30, 2026. [Online]. Available: /statistics/533292/average-price-of-copper/
