Copper price spike in 2024
In the second half of April 2024, the price of copper rose to 9,749 US dollars per ton. This is the highest level of the copper price in the last two years. This impressive growth surprised both market participants and economic experts.
Compared to the beginning of the year, the price of copper increased by as much as 15 percent. This sudden rise in prices has created a lot of interest among investors and industry. Why did the price of copper rise so much?
One of the factors that could explain this increase in the price of copper is the recovery of the industry in recent years after the economic disruption caused by the pandemic.
| # | Buyer | Purchase price | Country |
|---|---|---|---|
| 1 |
 |
51.396
kr
/kg
|
Russia |
| 2 |
|
49.089
kr
/kg
|
Russia |
| 3 |
|
48.702
kr
/kg
|
Russia |
| 4 |
|
48.702
kr
/kg
|
Russia |
| 5 |
|
46.716
kr
/kg
|
Russia |
| 6 |
|
42.185
kr
/kg
|
Russia |
| 7 |
|
32.952
kr
/kg
|
Poland |
| 8 |
|
29.388
kr
/kg
|
Lithuania |
| 9 |
|
29.209
kr
/kg
|
Japan |
| 10 |
|
29.016
kr
/kg
|
Netherlands |
| 11 |
|
27.744
kr
/kg
|
Poland |
| 12 |
|
27.528
kr
/kg
|
Lithuania |
| 13 |
|
27.528
kr
/kg
|
Lithuania |
| 14 |
|
27.528
kr
/kg
|
Lithuania |
| 15 |
|
27.528
kr
/kg
|
Lithuania |
| 16 |
|
27.528
kr
/kg
|
Lithuania |
| 17 |
|
27.528
kr
/kg
|
Lithuania |
| 18 |
|
27.528
kr
/kg
|
Lithuania |
| 19 |
|
27.528
kr
/kg
|
Lithuania |
| 20 |
|
27.156
kr
/kg
|
Italy |
| 21 |
|
26.881
kr
/kg
|
Poland |
| 22 |
|
26.881
kr
/kg
|
Poland |
| 23 |
|
26.784
kr
/kg
|
Lithuania |
| 24 |
|
26.784
kr
/kg
|
Lithuania |
| 25 |
|
26.784
kr
/kg
|
Lithuania |
| 26 |
|
26.412
kr
/kg
|
Lithuania |
| 27 |
|
26.04
kr
/kg
|
Lithuania |
| 28 |
|
26.04
kr
/kg
|
Lithuania |
| 29 |
|
25.839
kr
/kg
|
Poland |
| 30 |
|
25.668
kr
/kg
|
Latvia |
| 31 |
|
25.296
kr
/kg
|
Lithuania |
| 32 |
|
24.931
kr
/kg
|
Russia |
| 33 |
|
24.805
kr
/kg
|
Poland |
| 34 |
|
24.552
kr
/kg
|
Lithuania |
| 35 |
|
24.552
kr
/kg
|
Latvia |
| 36 |
|
24.552
kr
/kg
|
Lithuania |
| 37 |
|
23.808
kr
/kg
|
Lithuania |
| 38 |
|
23.808
kr
/kg
|
Latvia |
| 39 |
|
22.551
kr
/kg
|
Poland |
| 40 |
|
22.32
kr
/kg
|
Lithuania |
Currency converter
COPPER PURCHASING – is financially beneficial. There are plenty of metal buyers in every major city where you can easily sell copper or any other unnecessary items which contain copper. The purchase prices depend on the buyer’s pricing policy, type or quantity and it is also influenced by global metal exchanges. Depending on the supply and demand, the price of copper on exchanges often fluctuates too. In the event of changes in stock exchanges, recyclers of this metal react accordingly by adjusting the purchase prices of copper to the buyers.