The latest copper price in Pakistan shows strong local premiums over international rates. High-quality Millberry scrap is trading at approximately Rs. 5,500 per kg in major cities including Karachi, Lahore, Islamabad, and Gujranwala. Refined new copper commands between Rs. 5,800 and Rs. 6,200+ per kg depending on purity and supplier. Standard or mixed copper scrap ranges from Rs. 2,100 to Rs. 3,500 per kg.
Local copper prices remain higher than international converted rates due to import duties, transportation costs, taxes, and strong domestic demand. Using an exchange rate of 280 PKR per USD, international copper prices currently convert to roughly Rs. 3,540–3,600 per kg before extra costs.
On the global front, copper prices are showing early signs of stabilization after a recent correction. Spot and nearest futures are trading around $5.76–$5.81 per pound, up 0.3–0.8% today. LME cash settlement stands near $12,800–$12,880 per tonne, with three-month contracts slightly firmer at $12,890–$12,970 per tonne. Despite this modest recovery, prices remain below levels seen at the start of February. Analysts expect copper prices to trend toward $6.00–$6.05 per pound by the end of Q1 2026, with long-term forecasts around $6.65–$6.80 per pound over the next year.
The copper price is closely monitored as a key economic indicator. Rising prices often reflect strong industrial, construction, and renewable energy activity. In Pakistan, price movements directly impact electrical wiring, solar energy projects, construction budgets, and profitability in the scrap metal sector.
Copper’s high conductivity, corrosion resistance, and recyclability make it essential in sectors like electrical wiring, motors, transformers, and EV production. Renewable energy, AI data centers, and 5G infrastructure further drive demand. With about 80% of all copper ever mined still in use, recycling helps stabilize supply even as global demand grows.
Market observers say businesses and traders continue to track both local and international prices, alongside USD/PKR fluctuations, to make informed purchasing decisions. Strong demand in electrification, renewable energy, and modern infrastructure supports a positive outlook for copper prices in 2026.
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