Copper prices in Pakistan remained steady on May 16, 2026, with minor variations across different cities and grades. Market activity stayed stable, supported by consistent demand from the electrical, construction, and manufacturing sectors.
Copper Rates in Local Market
High-quality Millberry scrap copper—the most commonly traded grade—was available at around Rs. 5,500 per kg in major cities including Karachi, Lahore, Islamabad, and Gujranwala.
Meanwhile, refined new copper, which is used in industrial applications requiring higher purity, continued to trade at a premium between Rs. 5,800 and Rs. 6,200+ per kg, depending on supplier, quality, and location.
Lower-grade or mixed copper scrap showed wider variation. It generally ranged between Rs. 2,100 and Rs. 3,500 per kg, depending on purity and regional supply conditions.
Global Copper Market Update
Internationally, copper prices experienced short-term volatility but maintained a strong overall outlook. The benchmark price stood at approximately $6.23 per pound on global exchanges.
Although copper saw a recent daily decline of nearly 5%, it remained significantly higher year-on-year due to strong industrial demand and supply constraints.
Converted into local terms, the international price equals roughly Rs. 3,800 to Rs. 3,900 per kg before accounting for import costs, taxes, and domestic market premiums.
Market Drivers Behind Price Trends
Several factors continue to influence copper prices in Pakistan. In particular, import duties, transportation costs, and the USD/PKR exchange rate play a key role in determining local rates.
In addition, steady demand from electrical wiring, construction projects, and scrap recycling markets has helped maintain price stability despite global fluctuations.
Read more:Copper Price Today in Pakistan – 1 Kg Tamba Rate
Why Copper Prices Matter
Copper remains one of the most important industrial metals because it is widely used in electrical systems, construction, and manufacturing. It is also a key material in renewable energy systems such as solar panels and wind turbines.
Moreover, growing demand from electric vehicles, data centers, and infrastructure development continues to strengthen its long-term outlook.
Key Uses of Copper
Copper is essential in a wide range of industries due to its high conductivity and durability. It is commonly used in:
- Electrical wiring and power transmission systems
- Construction materials such as pipes and fittings
- Renewable energy systems, including solar and wind power
- Electric vehicles and charging infrastructure
- Electronics, communication networks, and data centers
Additionally, copper is highly recyclable, and a large portion of all mined copper remains in use today, which supports long-term supply stability.
Summary – Copper Rate Today (May 16, 2026)
To summarize, Millberry scrap copper in Pakistan is stable at around Rs. 5,500 per kg, while refined copper continues to trade at a higher range due to quality differences and industrial demand.
Globally, copper remains priced at approximately $6.23 per pound, reflecting short-term volatility but sustained long-term strength.
Overall, copper continues to be a key industrial metal in 2026, with prices influenced by both global economic trends and local market conditions.
