Copper Nuggets Price Trend and Forecast

Copper Nuggets Regional Price Overview

Get the latest insights on price movement and trend analysis of Copper Nuggets in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).


Copper Nuggets Price Trend for the Q1 of 2024

Product Category Region Price Time Period
Copper Nuggets Energy, Metals and Minerals India 8748 USD/MT to 8982 USD/MT Q1’24

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In the first quarter of 2024, copper nuggets experienced a significant price surge, driven by strong long-term demand prospects and tightening supply conditions, raising concerns about potential shortages amid the market players. The metal's critical role in global electrification and its growing application in AI and automation infrastructure also supported positive inclination in its demand, enhancing investor confidence.

Copper Nuggets Price Chart

Copper Nuggets Price Trend

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Additionally, China's persistent importation of ore inputs despite high prices highlighted continuous demand from manufacturers, further straining the supply chain. However, limited material availability negatively impacted Chinese smelters' margins, potentially leading to a notable reduction in output for the year. Further, high costs associated with developing new mines led major miners to pursue mergers and acquisitions, illustrated by BHP's recent attempt to acquire Anglo American. This trend reflects industry consolidation in response to changing market dynamics.

Concurrently, China's current account surplus saw a significant reduction, influenced by industrial advancements that created new trade growth opportunities. Overall, the copper nuggets market saw renewed buying interest, with an increase in open interest and rising prices. In India, too, the quarterly average of copper nugget prices rose from around 8748 USD/MT to 8982 USD/MT during the first quarter. The upward movement reflects the global crunch in the production of copper along with the rapid loss of the nation's inventories.

Analyst Insight

According to Procurement Resource, the price of Copper Nuggets is expected to move northwards under the limited supply and excessive demand from the downstream industries amid its expanding role in several key sectors.

Procurement Resource provides latest prices of Copper Nuggets. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

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About Copper Nuggets

Copper nuggets are small, solid pieces of unrefined copper, typically found in their natural state or produced through smelting processes. They exhibit a distinctive reddish-brown color, attributed to copper's characteristic color. These nuggets have a high thermal and electrical conductivity, making them invaluable in electrical applications. They are malleable and ductile, allowing them to be easily shaped and molded without breaking.

Copper nuggets possess significant corrosion resistance, which enhances their durability in various environments. They are commonly used in the production of electrical wiring, plumbing components, and various industrial machinery. Additionally, copper's antimicrobial properties make these nuggets suitable for applications in healthcare and sanitation. Their versatility and essential properties underscore their critical role in numerous industrial and technological applications.

Copper Nuggets Product Details

Report Features Details
Product Name Copper Nuggets
HS Code 74031900
Industrial Uses Electricals, Machinery Production, Medical Equipment, Alloys
Supplier Database BHP, Glencore, Hindalco Industries, Madhav Copper Ltd, Codelco
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery

Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Copper Nuggets Production Process

  • Copper Nuggets Production via a metal casting process: In this simple process, the copper metal is first cast and is then forged in small shapes of nuggets differing in size in accordance with the specific requirements. These pieces are then washed and fabricated to finally give copper nuggets.


The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

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