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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%

Risk Disclaimer

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:

Global economic condition.
Demand and supply.
Condition of the Chinese economy (50% demand)

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

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Frequently Asked Questions

1. Who is the largest producer of copper in the world?

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.

2. Is copper a good investment?

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.

3. How to invest in copper in Australia?

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:

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

4. What are the most prominent copper mining areas in Australia?

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.