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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.

Car wiring

TOP 20 LME

# Buyer Purchase price Country

1
23.935 p. /kg Russia

2
22.527 p. /kg Russia

3
22.348 p. /kg Russia

4
22.348 p. /kg Russia

5
21.436 p. /kg Russia

6
19.357 p. /kg Russia

7
15.753 p. /kg Poland

8
14.001 p. /kg Netherlands

9
13.283 p. /kg Lithuania

10
13.283 p. /kg Lithuania

11
13.283 p. /kg Lithuania

12
13.283 p. /kg Lithuania

13
13.265 p. /kg Poland

14
13.104 p. /kg Italy

15
12.924 p. /kg Lithuania

16
12.924 p. /kg Lithuania

17
12.852 p. /kg Poland

18
12.852 p. /kg Poland

19
12.565 p. /kg Lithuania

20
12.565 p. /kg Lithuania

21
12.565 p. /kg Lithuania

22
12.386 p. /kg Latvia

23
12.353 p. /kg Poland

24
12.206 p. /kg Lithuania

25
12.113 p. /kg Japan

26
11.858 p. /kg Poland

27
11.847 p. /kg Latvia

28
11.847 p. /kg Lithuania

29
11.847 p. /kg Lithuania

30
11.847 p. /kg Lithuania

31
11.847 p. /kg Lithuania

32
11.847 p. /kg Lithuania

33
11.847 p. /kg Lithuania

34
11.847 p. /kg Lithuania

35
11.811 p. /kg Lithuania

36
11.488 p. /kg Latvia

37
11.488 p. /kg Lithuania

38
11.441 p. /kg Russia

39
10.781 p. /kg Poland

40
10.77 p. /kg Lithuania

#	Purchase price	Country
1	23.935 p. /kg	Russia
2	22.527 p. /kg	Russia
3	22.348 p. /kg	Russia
4	22.348 p. /kg	Russia
5	21.436 p. /kg	Russia
6	19.357 p. /kg	Russia
7	15.753 p. /kg	Poland
8	14.001 p. /kg	Netherlands
9	13.283 p. /kg	Lithuania
10	13.283 p. /kg	Lithuania
11	13.283 p. /kg	Lithuania
12	13.283 p. /kg	Lithuania
13	13.265 p. /kg	Poland
14	13.104 p. /kg	Italy
15	12.924 p. /kg	Lithuania

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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.

16	12.924 p. /kg	Lithuania
17	12.852 p. /kg	Poland
18	12.852 p. /kg	Poland
19	12.565 p. /kg	Lithuania
20	12.565 p. /kg	Lithuania
21	12.565 p. /kg	Lithuania
22	12.386 p. /kg	Latvia
23	12.353 p. /kg	Poland
24	12.206 p. /kg	Lithuania
25	12.113 p. /kg	Japan
26	11.858 p. /kg	Poland
27	11.847 p. /kg	Latvia
28	11.847 p. /kg	Lithuania
29	11.847 p. /kg	Lithuania
30	11.847 p. /kg	Lithuania