Copper

Learn more about copper and view copper price charts

Copper is one of the most commonly used of the base metals, and when in high demand, copper is a reliable indicator of our economic health. But its importance isn’t confined to electrical wires and thermal conductors.

Copper also plays a vital role in the rise of renewable energies and the production of electric vehicles, helping us transition to a low-carbon economy.

Our team of experts provides global and local data-driven insights, prices, forecasts and market news to help you make sense of the forces influencing the copper market. Our expert analysis provides critical insights to help you predict future trends for win-win outcomes in your contract negotiations.
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Inform your base metals strategy with metals price forecasts and analysis for the global base metals industry

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    • Copper import arbitrage, $/tonne
    • Copper grade A cathode premium, cif Rotterdam, $/tonne
    • Copper grade A cathode premium, delivered Germany, $/tonne
    • Copper grade A cathode warrant premium, in-whs Southeast Asia, $/tonne
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    Market-reflective copper price data spanning the copper supply chain, from copper concentrates and copper wire to copper scrap

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    Featured report

    What’s ahead in the copper market? 

    As copper prices reach record highs and analysts warn of ‘unsustainable deficits’, we explore the key trends shaping the copper market:

    • How copper demand growth is being spurred by the energy transition
    • Copper production forecasts and the struggle to keep up with demand
    • Copper recycling and predictions for the future
    • Data on forecast copper deficit
    • The emerging challenges for copper smelters
    • Whether current copper trends can be sustained

    Acess the full report here

    What’s happening in the copper market?

    The US-Ukraine mineral partnership deal has stalled due to security concerns, leaving future negotiations uncertain despite Ukraine’s critical role in global mineral supplies. Meanwhile, President Trump has imposed tariffs on Canada, Mexico, and China and launched a copper import investigation to address national security risks and reduce reliance on foreign resources.

    Trump’s tariffs on Canadian and Mexican metals have introduced significant instability to the U.S. metals sector. The 25% tariffs, coupled with retaliatory measures from Canada and Mexico, have fuelled price volatility, supply chain disruptions, and operational uncertainty across multiple industries. These trade policies are reshaping global market dynamics as stakeholders brace for long-term impacts on steel, aluminium, copper, and other metal commodities.

    The Democratic Republic of Congo (DRC) has moved to impose a suspension on exports of cobalt for four months due to the low-price environment at the start of the year, according to documents seen by Fastmarkets and sources close to the situation.

    Argentina produces just 4,000 tonnes per year (tpy) of copper, while its neighbour Chile mines 5.5million tpy of the red metal every year. But the problem, Cornejo says, isn’t a lack of copper. “Our province borders Chile, and we share the copper-rich Andes with that country,” he said. “In fact, Chile’s best mining projects sit […]

    Copper smelters struggling with record low treatment and refining charges (TCs/RCs) won’t be able to look to the Cobre Panama mine to ease market tightness any time soon.

    This guide explores current price trends, breaks down the key copper scrap grades and provides a global outlook for 2025.

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