Copper rate today

Copper metal is in high demand for green energy equipment like electrical vehicles, electrical motors, and batteries. Copper rate today in Pakistan is trending up due to the introduction of the green energy devices and equipment. Copper is called Tamba in the local language in Pakistan.

In this article, we provide the latest prices of copper per kg. Also, we provide valuable information about copper used in Pakistan. Copper is a precious metal after gold and silver.

Type of copper	Copper Price per kg today
New copper	3000~3300
Old copper	2000~2200

New copper: New copper is available in different shapes and sizes in the market. New copper refers to copper that is first time used in any application after manufacturing.

Old copper: Old copper refers to used copper, also called scrap copper.

Historically, the copper rates in Pakistan are stable. This is due to stable ore extraction and refining of copper in Pakistan. In the table below copper prices is stable over the passage of time. But world wide prices of copper are increasing.

Month 2024	Copper Price in Pakistan (Pkr)
Jan	2,900
Feb	2,950
Mar	3,000
April	3,150
May	3,150
June	3,200
July	3,200
Aug	3,300
Sep	3,100
Oct	3,100
Nov	3,100
Dec	3,100

Copper rates are affected by the currency exchange rate in Pakistan. Also, demand is affected by increasing work in construction industries. The main usage of copper is electrical wire, which is used in every building and house in Pakistan.

Copper is primarily used in electrical wiring and cables, motor windings, batteries, pipe fittings, coins, and electroplating. Also, copper is used in transformer windings. 

Copper is a good conductor of electricity with minor losses. Therefore, it is a recommended good conductor for electricity flow and electrification.

Also, copper plates and bushes are used in metal-contacting surface applications to minimize friction between metals. 

Some big cooking utensils are also made from copper metals. Also, copper is used in electrical circuit printing and microwave ovens. Copper is also used as an alloying element in many metals like aluminum.

Copper demand is increasing as the world is pushing to use green energy in the form of electrical vehicles, windmills, and solar energy. Copper is the essential part of these systems. Due to the increase in the demand for green energy, copper demand will also be high in the future.

In the future, copper demand will increase due to transforming conventional energy sources to green energy sources. In green energy sources, copper is used in many devices, like inverters, DC cables, and batteries for storage of energy. Therefore, it is predicted that copper demand will double in the coming 20 years.

Currently the copper demand worldwide exceeds approximately 20 million metric tons. Extracting and finding new sources of copper will be the main challenges in the near future.

Copper is available in the Pakistan market in different shapes and sizes. Copper bars in round shapes, hexagonal shapes, and in stripe form are famous in local markets. Also, copper tubes are available for air conditioning and refrigerator works. The famous brands in Pakistan are:

-Copper world

-PM Engineering

-Bushra Enterprises

-Future traders

-Mirza Traders

There are many suppliers and dealers available in the Pakistan market that deal with all kinds of copper materials.

In conclusion, copper metal is in stable demand in the Pakistan market. New copper material is available in the market in the price range of Rs. 3200 to 3300 per kg, while in the scrap it is available in the range of Rs.2000~2300 depending on the quality of copper.

Copper is mainly used in electrical cables and batteries. Copper based devices are used in every house and building for electricity flow and storage of green energy. Therefore, these copper base devices are commodity items with demand increasing day by day in Pakistani markets.

Also read LPG prices in Pakistan