Copper Prices

Copper prices averaged USD 11,820 per metric ton in December, up 9.3% from November. On 31 December, the commodity traded at USD 12,453 per metric ton, up 10.9% from 28 November.

Average copper prices closed 2025 at record highs, capping a year-long rally that lifted the metal more than 30%—one of its strongest performances in recent years. Supply disruptions and fears of additional U.S. tariffs on the refined product drove much of the surge. Moreover, a strong global demand outlook, due to power grid upgrades, renewable energy investment and expanding data center infrastructure added momentum, keeping prices elevated in December.