From 2019 to 2024, the Downstream Copper Industry grew steadily from about USD 81.9 million to USD 123 million, while the Upstream Copper Industry expanded faster, rising from USD 130 million to USD 225 million. Downstream reached its lowest point in 2020 and upstream in 2019, but both hit their highest levels in 2024. Over time, downstream moved from medium upward trends with normal volatility to slight declines and then slight recoveries with limited volatility; upstream showed a similar late-period pattern. In 2024, downstream and upstream values rose by 11.0% and 10.0%, respectively. Overall, the two industries showed a very good correlation and moved in the same direction during the entire period.
Upstream Cathode Outshines Downstream Wirerod
Between 2019 and 2024, Copper Wirerod played a noticeably smaller role in downstream trade than Copper Cathode did in upstream markets, and cathode kept its stronger position every single year.
December 9, 2025
Copper
Upstream Cathode Outshines Downstream Wirerod