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Copper

4.65 USD/oz 0.37 (8.64%) (Last updated - May 15, 2025 12:59 AM UTC )
Day High
3.58
Day Low
3.48
Previous Close
3.55
52 Week Range
3.13 - 5.04
Change YTD
-5.1%

About

Performance USD/oz Change
5 Day 12.32%
1 Month 12.32%
3 Months 4.49%
6 Months -5.1%
52 Week -5.1%

May 15, 2025 12:59 AM UTC

Data Powered by Stockdio. Data delayed by 5 minutes unless otherwise indicated.

Copper is a corrosion-resistant and highly conductive metal that finds numerous industrial applications. Copper or ‘red metal’ can be combined easily with other metals to form alloys. An average home could contain up to 180kg of copper. One of the most important aspects of copper is that it can be recycled easily, and 80% of copper ever mined/produced is still in use.

The electric vehicle (EV) boom has bolstered the demand for copper significantly. A typical EV uses five times more copper than an equivalent conventional car. The transport sector as a whole consumes nearly 12% of all copper. The biggest chunk of the metal goes into the manufacturing of equipment, closely followed by the building construction industry.

History of copper

Almost all ancient civilizations have shown evidence of using copper, mostly in the form of coins. The early civilizations soon discovered the alloy properties of copper, which led to the Bronze Age between 3,000- 2,500 BC. Bronze is an alloy of copper and tin.

As the world is shifting towards renewable energy sources like solar and wind, the demand for copper is slated to increase further. Any constraint on the supply side puts pressure on the prices of red metal.

The price of copper is influenced majorly by the demand-and-supply balance. Also, the price trend of copper represents the health of the global economy. If prices are on a surge and sustain at higher levels, then it could be assumed that the global economy is in better shape and growing. This is due to the widespread use of copper in all sectors of the economy.

However, here are the few major factors that drive red metal’s price:

  1. Global economic condition.
  2. Demand and supply.
  3. Condition of the Chinese economy (50% demand)
Code Company Price Chg %Chg High Low Volume Market Cap
29M 29Metals Ltd 0.165 0.000 0.000 0.170 0.155 1055550 171.361 M
A1M AIC Mines Limited 0.345 0.005 1.471 0.345 0.335 245052 198.611 M
AGR Aguia Resources Ltd 0.041 -0.001 -2.381 0.042 0.041 174395 59.911 M
AIS Aeris Resources Ltd 0.175 0.005 2.941 0.177 0.170 606672 183.976 M
AMI Aurelia Metals 0.295 -0.015 -4.839 0.310 0.295 2479330 490.845 M
AML Aeon Metals Ltd -- -- -- -- -- -- 5.482 M
AOA Ausmon Resources Ltd 0.002 0.000 0.000 0.002 0.002 -- 2.853 M
AR1 Austral Resources Australia 0.160 0.000 0.000 0.160 0.160 -- 84.347 M
ARD Argent Minerals Ltd 0.019 -0.001 -2.564 0.020 0.019 941362 31.804 M
AS2 Askari Metals Ltd 0.011 0.001 10.000 0.011 0.010 2248079 2.499 M
AUR Auris Minerals Ltd 0.006 -0.001 -14.286 0.006 0.006 100000 3.336 M
AZL Arizona Lithium Ltd 0.009 -0.001 -10.000 0.010 0.009 6955613 41.056 M
BHP BHP Group Limited 38.970 -0.480 -1.217 39.360 38.960 3436359 193,245.725 M
BMO Bastion Minerals Ltd 0.003 0.000 0.000 0.003 0.003 -- 2.711 M
BRX Belararox Ltd 0.097 0.006 6.593 0.097 0.092 96686 13.461 M
CHN Chalice Mining Limited 1.020 -0.050 -4.673 1.075 1.020 1689309 425.985 M
CLA Celsius Resources Ltd 0.007 0.000 0.000 0.007 0.007 118694 20.353 M
COY Coppermoly Ltd 0.013 0.000 0.000 0.013 0.013 -- 11.475 M
CST Castile Resources Ltd 0.070 -0.002 -2.778 0.071 0.070 15158 22.625 M
CVV Caravel Minerals Ltd 0.177 0.002 1.143 0.180 0.175 48950 90.520 M
CWX Carawine Resources Limited 0.100 0.000 0.000 0.100 0.100 -- 22.904 M
CYM Cyprium Metals Ltd 0.023 -0.001 -4.167 0.024 0.023 1385566 45.402 M
CZN Corazon Mining Ltd 0.002 0.000 0.000 0.002 0.002 2899233 2.369 M
ENR Encounter Resources Ltd 0.220 0.005 2.326 0.225 0.210 401098 89.783 M
EVN Evolution Mining Ltd 7.690 -0.070 -0.902 7.810 7.650 4343564 16,259.326 M
GCR Golden Cross Resources Ltd 0.002 0.000 0.000 0.002 0.002 -- 2.195 M
HAV Havilah Resources Ltd 0.165 -0.005 -2.941 0.165 0.165 909 57.674 M
HCH Hot Chili Ltd 0.500 0.000 0.000 0.510 0.490 69489 71.250 M
HGO Hillgrove Resources Ltd 0.035 -0.001 -2.778 0.036 0.035 3281465 88.784 M
HLX Helix Resources Ltd 0.002 -0.001 -20.000 0.002 0.002 1031547 6.728 M
IGO IGO Ltd 4.290 -0.020 -0.464 4.330 4.220 1933933 3,066.935 M
IPT Impact Minerals Ltd 0.006 0.001 20.000 0.006 0.006 509403 25.919 M
LEG Legend Mining Ltd 0.007 0.000 0.000 0.007 0.007 10000 26.203 M
LKY Locksley Resources Ltd 0.030 -0.002 -6.250 0.032 0.030 1669509 3.227 M
MLX Metals X Ltd 0.540 -0.005 -0.917 0.552 0.535 2227681 505.243 M
MRD Mount Ridley Mines Ltd 0.002 0.000 0.000 0.002 0.002 13 1.557 M
NME Nex Metals Explorations Ltd 0.028 0.000 0.000 0.028 0.028 5959 8.841 M
PNN Power Minerals Ltd 0.057 -0.001 -1.724 0.059 0.057 207110 6.994 M
PTR Petratherm Ltd 0.290 -0.010 -3.333 0.300 0.290 9856 89.860 M
QML QMines Ltd 0.038 -0.001 -2.564 0.038 0.038 50815 16.727 M
RIO Rio Tinto Ltd 119.330 -1.160 -0.963 119.840 118.930 370454 189,594.173 M
RML Resolution Minerals Ltd 0.009 0.000 0.000 0.009 0.009 920725 4.206 M
SFR Sandfire Resources NL 10.640 -0.170 -1.573 10.750 10.570 350635 4,722.368 M
SPQ Superior Resources Ltd 0.004 0.000 0.000 0.004 0.004 679429 9.484 M
SYR Syrah Resources Ltd 0.405 0.020 5.195 0.410 0.377 3749042 299.123 M
TG1 Techgen Metals Ltd 0.026 0.000 0.000 0.026 0.026 5000 3.808 M
TLM Talisman Mining Ltd 0.160 -0.010 -5.882 0.170 0.160 16697 31.073 M
WC8 Wildcat Resources Ltd 0.180 0.000 0.000 0.185 0.170 1859845 262.191 M
XAM Xanadu Mines Ltd 0.053 0.002 3.922 0.053 0.051 308939 103.259 M
ZIM Zimplats Holdings Ltd 10.600 -0.100 -0.935 10.680 10.440 7238 1,189.400 M
* Data powered by EODHD®. Data delayed 20 minutes unless otherwise indicated.

Frequently Asked Questions

South America dominates the global mining industry. Chile is the world’s largest producer of copper followed by Peru. China is the world’s largest consumer of copper, nearly 50% of globally produced copper finds its use in Chinese factories. China is also the third-largest producer of red metal.

The Corporacion Nacional del Cobre de Chile or Codelco is the world’s largest copper producing company. Codelco produced 1.73 million tonnes of copper in 2020. Australian mining giant BHP Group with 1.72 million tonnes of copper produced in 2020 ranks second in the world.

Copper demand is expected to remain moderate with the world moving towards battery technology. The price trend seems to support the current rise in demand, but commodity prices are highly cyclical in nature.

Investors should pick copper miners who have good exposure to produce assets and also have reserves/resources for future feedstock, operating at a low cost. As the world is fighting climate change and environmental concerns are being given top priority, investors should look at the ESG record of the company before investing in any mining company.

Investing in mature copper miners will also provide dividends with decent dividend yields.

To leverage the bullish copper market, there are two ways through which investors can get exposure to the copper market. The first one is to buy a stock in a copper mining company and the second is through Exchange Traded Funds or ETFs which deals specifically in copper.

Investors can pick major or miner copper players depending on their risk appetite and funds available with them. Some of the major copper miners listed on the ASX are BHP Group (ASX:BHP), Newcrest Mining Limited (ASX: NCM), OZ Minerals Limited (ASX:OZL).

There are no pure-play copper ETF on the ASX. There are a few listed in the United States:

  1. Global X Copper Miners (COPX)
  2. United States Copper Index Fund (CPER)
  3. iPath Series B Bloomberg Copper Subindex Total Return ETN (JJC)

Australia is among the top producers of red metal. The copper-producing centres are concentrated in South Australia and Queensland. The Olympic Dam copper-uranium-gold deposit is the largest copper mine located in South Australia. Mt Isa copper-lead-zinc deposit is another large deposit in the country.

Most of the copper is mined from underground mines in Australia. Copper ore is mined using the traditional method, which involves breaking the ore and bringing it to the surface for crushing. Then the ore is ground finely before being sent for treatment through the flotation process.

Some of the major copper deposits in Australia include Emmie Bluff, Cadia Valley, Mount Elliott, Northparkes, and Mount Gordon.

Historical Graph


Chart by TradingView
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