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Average annual market price of copper 2009-2019

Average annual market price of copper from 2009 to H1 2019 (in U.S. dollars per metric ton)

by M. Garside, last edited Aug 26, 2019
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.
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Average annual market price of copper from 2009 to H1 2019 (in U.S. dollars per metric ton)

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