Looking for the current copper price in Pakistan today or copper rate per kg in Pakistan? As of February 3, 2026, high-quality Millberry scrap copper is trading at approximately Rs. 5,500 per kg in major markets like Karachi, Lahore, and Gujranwala. Refined new copper commands a premium and is generally priced higher depending on purity, location, and dealer.
This marks a stable trend in the local scrap market, while the international copper price has shown a strong rebound today. Keep reading for the latest rates, detailed comparison, forecasts, and why copper prices matter in 2026.
Copper Rates in Pakistan Today (February 3, 2026)
Pakistan’s copper market is heavily influenced by global benchmarks, import costs, customs duties, and strong local demand from electrical, construction, and recycling sectors.
| Copper Type | Price per kg (PKR) | Notes |
|---|---|---|
| High-Quality Millberry Scrap | Rs. 5,500 | Most traded grade |
| Refined New Copper | Rs. 5,800 – 6,200+ | Higher purity |
| Standard Scrap Copper | Rs. 2,100 – 3,200 | Lower grades |
International Copper Prices Today – Global Market Update (Feb 3, 2026)
The benchmark LME copper price and COMEX copper futures have rebounded sharply today after recent volatility.
- Current spot/futures price: ~$6.01 – $6.07 per pound (up ~3.2–3.3% today)
- LME 3-month copper: ~$12,985 – $13,000 per tonne (recent sessions showed fluctuations around this level)
- Monthly trend: Up ~0.6–1% over the past month
- Year-over-year: Up ~38% compared to early 2025 levels
Conversion for reference (approx. at current USD/PKR ~280):
- $6.01 per pound ≈ $13.25 per kg ≈ Rs. 3,710 per kg (international base before import costs)
The recent recovery is driven by dip-buying after a short sell-off, easing volatility, and renewed optimism around industrial demand, especially in green energy and electrification sectors.
Short-term forecast (analyst consensus):
- End of Q1 2026: ~$6.05 per pound
- 12 months ahead: ~$6.72 per pound
| Market | Price per kg (approx.) | Key Difference Reason |
|---|---|---|
| Pakistan (Millberry) | Rs. 5,500 | Includes import duties |
| International (base) | Rs. 3,700–3,800 | Pure LME/COMEX rate |
Major Uses of Copper – Why Demand Stays Strong
Copper’s unmatched electrical conductivity, corrosion resistance, and recyclability make it essential across industries:
- Electrical & Electronics — Wiring, motors, transformers, circuit boards, power cables
- Renewable Energy — Solar panels, wind turbines, battery storage systems
- Electric Vehicles (EVs) — Motors, batteries, charging stations (up to 80 kg per vehicle)
- Construction & Plumbing — Pipes, roofing, fittings (long-lasting & antimicrobial)
- Industrial Machinery — Heat exchangers, alloys (brass/bronze), tools
- Telecom & Data Centers — High-speed cables for 5G and AI infrastructure
Nearly 80% of all copper ever mined is still in use today thanks to excellent recyclability — a key factor supporting long-term price strength.
Final Thoughts: Track Copper Rates Today & Tomorrow
Copper price in Pakistan today (Feb 3, 2026) — Rs. 5,500 per kg (Millberry scrap)
International copper price today — ~$6.01–6.07 per pound (strong rebound)
