Metallic art abstract wave in curvy copper panels

Copper Prices

Copper prices declined in April amid weaker manufacturing activity. The price averaged USD 8,809 per metric ton in April, which was down 0.5% from March’s price and was 13.4% lower than in the same month last year. On 28 April, copper traded at USD 8,577 per metric ton, which was 4.7% lower than on the same day of the previous month.

Copper prices slid in recent weeks, hampered by weaker manufacturing activity in China—which accounts for half of the consumption of the metal. In particular, China’s manufacturing PMI swung into contraction in April after posting three consecutive expansions. Elsewhere, PMI data painted a mixed picture of global manufacturing conditions: output worsened in the Eurozone and Japan, while it ticked up in the U.S. Meanwhile, fears of a Fed hike in May likely weakened demand further. Supply-wise, soaring copper exports from top producer Chile in March, coupled with easing protests in Peru, likely added further downward pressure on prices.

This chart displays Copper (US$/mt) from 2021 to 2023.

Copper LME (prices in US$/mt, aop)

Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022
Copper LME - 9,679 9,383 9,700 9,993 9,536 7,767 8,030

Free sample report

Price forecasts and historical data for Copper.

Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest