Today’s copper rate per kg in Pakistan ranges between PKR: 2400 to 3200 and the scrap copper rate is between PKR: 1600 to 2200 per Kg. This reddish-brown metal has been a part of our lives for years. The global market supply and demand ratio, along with local economic factors, cause the value of copper per kilogram to fluctuate. In Pakistan, copper demand is currently on the rise so understanding the copper trend over decades is essential for copper buyers and sellers. Here we will discuss new copper(Tamba price) and scrap copper rates in local markets.
| Copper Types | Copper Price Per Kg | Copper Price Per Ton |
|---|---|---|
|
New Copper |
PKR: 2400 to 3200 |
PKR: 24,00000 to 32,00000 |
|
Scrap Copper |
PKR: 1600 to 2200 |
PKR: 16,00000 to 22,00000 |
Copper Brands in pakistan
| Top Brands | Location |
|---|---|
|
Atta Steel and Copper Industries |
Lahore, Punjab Pakistan |
|
Copper World |
Khursheed Alam Estate Gujranwala, Gujrānwāla, Khursheed Alam 52250, PK |
|
Maaz 360 Private Limited |
Lahore Pakistan |
|
Bushra Enterprises |
Plot # lll-B,1/6 park view apartment Near bank Al- Habib and Baqai Hospital Nazimabad Karachi |
|
Pioneer cable Limited |
50-C Sahil Commercial Street # 1, D.H.A. Phase 8 Phase 8 Ext Sector E-8, Karachi, Sindh 75500 |
|
System Electrical and General Equipment |
Shahrah-e-Liaquat, Aram Bagh Karachi |
|
Mirza Traders |
Singapore Plaza Rawalpindi |
|
I&h Trading And Manufacturing |
Ch Khalid Road, Gujranwala, Punjab |
|
Orient Trading Company |
39/1/1, Main Khayaban-e-Momin, Phase-5, D.H.A, Karachi-75500, Pakistan |
|
Pearl Cables and Conductors |
Office No. 403, Trade Avenue, I.I Chundrigar Rd, Lalazar, Karachi, Karachi City, Sindh 74000 |
The copper prices in Pakistan’s cities yearly are almost the same as in Lahore, Karachi, Islamabad, Peshawar, Gujranwala, etc. The current price of copper and trading venues relies on the London Metal Exchange, the Shanghai Future Exchange, and the New York(COMEX) mercantile exchange.
Copper Price History
The copper growth value in Pakistan from 2015 to 2024 is hard to tell exact stats but estimated data from the global market are discussed below.
2015-2016
In 2015 copper rates were low averaging 5,500 to 6,000, due to the slowdown in China’s economic growth. This affected the global market rate because China at that time was considered the largest producer of copper metal in the world. In 2016 the copper price slightly recovered and oscillated between 6,000 per metric ton.
2017-2018
In 2017 and 2018 copper prices were stable between 6,000 to 7,000. The copper demand increased in China but in 2018 trade issues arose between the US and China but still, the rate of copper remained strong.
2019-2020
In 2019 and 2020 copper prices fell from 7,000 to 4,500 per metric ton due covid and till now people called those years the pandemic COVID-19 era. Due to the pandemic worldwide, no one could trade, the supply and demand ratio was low, and global economic uncertainty was disrupted by COVID-19.
2021-2022
In 2021 and 2022 the copper price gradually increased due to a reduction in the pandemic. The global copper metal market was going toward stability and suddenly supply-demand ratio, and investor interest increased in using silver in multiple modern industries across the globe. And the average copper price had reached 9,000PMT. At the end of 2022, the copper rate was fluctuating between 9,000 and 9,500 per metric ton.
2023-2024
In 2023 the price of copper is between 8,500 to 9,000. Since last year the copper growth value has remained stable and strong till now date. But in the future, some political policies, trading ratios, and economic factors may bring changes in copper prices. But the key point is that the copper usage ratio is now at its peak in the modern technology world. I don’t think copper rates will decrease in the future.
Copper International Price
Copper prices in the international market are mentioned below:
| Countries | Currencies | PKR |
|---|---|---|
|
United States(US) |
USD 9.16 |
2551.85 |
|
Australia |
AUD 13.86 |
2526.15 |
|
Newzeland |
NZD 17 |
2800.92 |
|
Canada |
CAD 11.24 |
2265.15 |
|
Germany |
EUR 7 |
2113.19 |
|
South Africa |
Rand 165 |
2492.19 |
|
United Kingdom(UK) |
Pound 6.53 |
2343.68 |
|
India |
INR 808 |
2689.10 |
Importance of Copper
Copper is usually used in various applications and has realistic properties like excellent electrical & thermal conductivity, malleability and ductility, corrosion resistance, and recyclability. Some uses of Copper(Tamba) are mentioned here:
Electronics: Copper is used in multiple electrical components like connectors, switches, wires, and circuit boards.
Construction: Copper is used in roofing and cladding, plumbing, heating systems, and building materials.
Automotive Industry: Copper is Important for producing batteries and vehicle parts and used in radiators heat exchangers.
Healthcare and Sanitation: Copper has antimicrobial properties that minimise the infection ratio so it is mainly used in medical instruments and also in water purification systems.
So many other industries where we are widely using copper.
Frequently Ask Questions(FAQ’s)
Summary:
Understanding the copper rate in Pakistan and international markets is important for traders, stakeholders and investors. Similar factors, like dollar fluctuation, market trends, and government policies, impact copper prices as they influence the rates of silver, gold, and other metals. Copper’s worth continues to grow due to its dynamic role in modern society. Keeping an eye on copper trends will help you to make wise decisions in metal investment and clear indicators for economic stability.
So stay connected with average copper prices and scrap copper also other metals prices through online platforms like World Informia and others. I hope this blog post will be helpful for deeply understanding the copper trend and price in local and international markets.