Price for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in the United States - 2024
Contents:
- Price for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in the United States (CIF) - 2024
- Price for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in the United States (FOB) - 2022
- Imports of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in the United States
- Exports of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in the United States
Price for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in the United States (CIF) - 2024
The average import price for copper; refined, unwrought, cathodes and sections of cathodeses stood at $8,950 per ton in April 2024, growing by 3.9% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In April 2024, the countries with the highest prices were Democratic Republic of the Congo ($9,223 per ton) and Chile ($9,106 per ton), while the price for Peru ($8,548 per ton) and Canada ($8,833 per ton) were amongst the lowest.
From May 2023 to April 2024, the most notable rate of growth in terms of prices was attained by Chile (+0.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in the United States (FOB) - 2022
In 2022, the average export price for copper; refined, unwrought, cathodes and sections of cathodeses amounted to $7,830 per ton, which is down by -18.9% against the previous year. In general, the export price, however, showed slight growth. The pace of growth appeared the most rapid in 2019 an increase of 104%. As a result, the export price attained the peak level of $13,585 per ton. From 2020 to 2022, the average export prices remained at a lower figure.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Canada ($9,230 per ton) and China ($9,140 per ton), while the average price for exports to Mexico ($7,249 per ton) and the UK ($7,348 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+4.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in the United States
After three years of growth, supplies from abroad of copper; refined, unwrought, cathodes and sections of cathodeses decreased by -20.8% to 719K tons in 2022. The total import volume increased at an average annual rate of +2.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 35%. As a result, imports attained the peak of 908K tons, and then dropped sharply in the following year.
In value terms, imports of copper; refined, unwrought, cathodes and sections of cathodeses reduced dramatically to $6.5B in 2022. In general, imports showed a deep reduction. The pace of growth appeared the most rapid in 2021 with an increase of 107% against the previous year. As a result, imports attained the peak of $8.4B, and then fell rapidly in the following year.
| Import of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in the United States (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 2.6 | 2.5 | 5.7 | 4.2 | 17.3% |
| Canada | 0.8 | 0.9 | 1.3 | 1.1 | 11.2% |
| Mexico | 0.5 | 0.6 | 0.8 | 0.7 | 11.9% |
| Peru | 0.1 | 0.1 | 0.3 | 0.5 | 71.0% |
| Others | 4.0 | N/A | 0.4 | 0.1 | -70.8% |
| Total | 8.0 | 4.1 | 8.4 | 6.5 | -6.7% |
Top Suppliers of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes to the United States in 2022:
- Chile (461.9K tons)
- Canada (118.4K tons)
- Mexico (75.5K tons)
- Peru (52.1K tons)
Exports of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in the United States
In 2022, shipments abroad of copper; refined, unwrought, cathodes and sections of cathodeses decreased by -39.7% to 88K tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 43%. As a result, the exports reached the peak of 146K tons, and then shrank markedly in the following year.
In value terms, exports of copper; refined, unwrought, cathodes and sections of cathodeses contracted markedly to $687M in 2022. In general, exports recorded a abrupt shrinkage. The growth pace was the most rapid in 2021 when exports increased by 107%. As a result, the exports attained the peak of $1.4B, and then contracted dramatically in the following year.
| Export of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 378 | 585 | 1,167 | 429 | 4.3% |
| Canada | 203 | 87.0 | 235 | 223 | 3.2% |
| Netherlands | N/A | N/A | N/A | 12.0 | 0% |
| United Kingdom | 0.2 | 0.2 | N/A | 11.9 | 290.4% |
| Others | 593 | 8.1 | 4.9 | 10.7 | -73.8% |
| Total | 1,174 | 680 | 1,407 | 687 | -16.4% |
Top Export Markets for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes from the United States in 2022:
- Mexico (59.2K tons)
- Canada (24.2K tons)
- United Kingdom (1.6K tons)
- Netherlands (1.6K tons)
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