Copper Prices
Monitor Copper Prices Worldwide
Intratec tracks the following commodity prices in multiple locations.
See below a preview of Copper prices, as an example of prices available. Monitor monthly Copper price assessments, as well as 10-year price history and forecasts..
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Data Legend. The chart above shows Copper price assessments in USA Dollar per metric ton (USD/mt), as follows:
- Copper (Ca), GLO (Global): Copper (cathodes), spot price, i-w, Global
- Copper (Ca), US (United States): Copper (cathodes), domestic spot price, ddp, United States
- Copper (Ca), SAM (South America): Copper (cathodes), export spot price, fob, Chile (netback from cif China)
- Copper (Ca), CN (China): Copper (cathodes), spot price, i-w, China
Data Use. Copper prices are provided as an annual subscription where subscribers have access to reliable pricing data of 224 commodities worldwide. Intratec's methodology employs a structured big data strategy that utilizes advanced technologies to extract publicly available data from primary sources such as governmental trade records, statistics bureaus, and international agencies. This data is then processed through mathematical models to generate reliable assessments, published at the very beginning of each month. To better understand the data provided check Intratec Primary Commodity Prices Methodology .
Data Delivery Methods. Copper price assessments are available via different delivery methods: (i) online charts; (ii) directly into Excel (using Intratec Add-in); (iii) in Power BI dashboards or (iv) a web API (to facilitate integration with existing workflows).
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Copper Price Outlook. The price of Copper (United States) increased during November 2019 to 5,870 USD per metric ton, which represents a slight rise of 2% compared to the previous month’s value. On a year-over-year basis, the prices of Copper (United States) decreased modestly by 3%. Meanwhile, the average price of Copper (China) amounted to 5,820 USD per metric ton, from 6,270 USD per metric ton one year earlier. On a month-over-month basis, the price of Copper (China) is 2% higher than the price one month before.
The price of Copper (South America) rose slightly throughout November 2019, reaching 5,820 USD per metric ton. The price is 0.7% higher than the average price in the previous month and 5% lower than the average price one year before. In contrast, the prices of Copper (Global) increased modestly during November 2019, reaching 5,820 USD per metric ton, which means a rise of 0.5% from the previous month’s price and a decline of 7% from the previous year’s price.
About Copper. Copper, with its distinct reddish hue, is a metallic element with atomic number 29, belonging to the transition metal group 11 in the periodic table. Abundantly dispersed in the Earth's crust, copper commonly occurs in conjunction with sulfur. Renowned for its exceptional properties—chiefly high ductility, malleability, thermal and electrical conductivity, as well as resistance to corrosion—copper is a very important metal in the industry. Its prevalence is most pronounced in sectors such as electronics and building construction. In construction, copper is extensively used in plumbing and electrical wiring while the electronics industry heavily relies on copper due to its high conductivity, ensuring optimal performance in wiring and electronic components.
The production of copper is a sophisticated and multi-stage process that begins with the extraction of copper ore from mines, a practice dating back thousands of years. Mining operations extract copper ore from the Earth's crust, followed by crushing and beneficiation processes to obtain concentrated copper. Subsequently, smelting processes transform the concentrated copper into molten metal, from which impurities are removed. The refined copper is then cast into various forms, including ingots or cathodes, ready for further manufacturing. The recycling sector also plays a significant role in the copper production chain, as scrap metal is reclaimed, melted, and reintegrated into the manufacturing process, contributing to sustainability and resource efficiency.
Copper Handling. Copper must be stored away from strong oxidants such as chlorates, bromates and iodates as it generates explosion. Dispersion of dust must be prevented. Also, it must be stored in a sealed container, in a cool and dry area. In addition, it is necessary to trotect from air and moisture.
Copper Production. Raw materials and the respective production processes employed in the manufacturing of Copper are listed below.
- Copper, blister (electrolysis),
- Copper sulfide ores (heap leaching/cementation),
- Copper oxide ores + sulfuric acid (acid leaching/ electrolysis)
Copper Uses. The uses and applications of Copper may vary according to its specification. The main forms of Copper are cathode; ingot; sheet; rod; wire; tubing; and shot powder.
Intratec Methodology. Intratec Primary Commodity Prices are produced from a data-driven, mathematical approach, which starts with the extraction of data from various primary sources, including official trade records, statistics bureaus, governmental and international agencies. Such large volume of data is validated through advanced data processing techniques, and treated by means of statistical analysis for outliers removal. When faced with input gaps, data scientists and engineers employ mathematical models or machine learning techniques to estimate prices and ensure the completeness of the price assessments presented. (learn more ).
