Average annual market price of copper 2009-2019

In the first half of 2019, the average annual market price of copper was 6,165 U.S. dollars per metric ton, a decrease from the 2011 price of 8,871 U.S. dollars per metric ton. As one of the most versatile metals, the significant decrease in prices signifies that demand has slowed down.

Copper Consumption

Copper is a base metal that has a wide variety of uses, which makes it an important commodity. In 2017, producing equipment accounted for a 31 percent share of copper consumption, making it the largest global end use of copper. The region with the highest demand for copper that year was Asia and Australasia, with a total demand of 15.85 million metric tons of copper. Following Asia and Australasia was Europe, with a total demand of about 3.5 million metric tons.

Copper Market Prices

The London Metal Exchange and Comex both provide market prices for copper. In 2017, the copper price for the London Metal Exchange was about 279.5 U.S. cents per pound. The average Comex price in 2017 was estimated to be about 280.53 U.S. cents per pound.

Average annual market price of copper from 2009 to H1 2019

Exclusive Premium statistic

You need a Single Account for unlimited access.

  • Full access to 1m statistics

  • Incl. source references

  • Available to download in PNG, PDF, XLS format

Single Account

$39 $59 per month *
in the first 12 months
33% Discount until June 30th
*Duration: 12 months, billed annually, single license

Access to this and all other statistics on 80,000 topics from

$468 / Year
$708 / Year

Show detailed source information?
Register for free
Already a member?
Log in

Release date

August 2019



Survey time period

2009 to H1 2019

Supplementary notes

* First half of 2019.

Statista Accounts: Access All Statistics. Starting from $468 / Year
Basic Account
Get to know the platform

You only have access to basic statistics.
This statistic is not included in your account.

Single Account
Your perfect start with Statista
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references
$59 $39 / Month *
in the first 12 months
Corporate Account
Full access

Corporate solution including all features.

* All products require an annual contract; Prices do not include sales tax.

Statistics on "Base metal industry worldwide"

Statista Accounts: Access All Statistics. Starting from $468 / Year
Learn more about how Statista can support your business.