Copper prices refer to the cost of copper per unit, typically measured in pounds or metric tons. These prices fluctuate based on supply and demand dynamics in the global market. Factors such as mining production, economic growth, and changes in manufacturing can significantly influence copper prices. Copper is widely used in various industries, including construction, electronics, and renewable energy. As a result, its price is often seen as an indicator of economic health. When demand for copper rises, prices tend to increase, while oversupply or reduced demand can lead to lower prices.