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 |
 |
5.498
kr
/kg
|
Poland |
| 2 |
|
4.166
kr
/kg
|
Latvia |
| 3 |
|
4.166
kr
/kg
|
Latvia |
| 4 |
|
4.122
kr
/kg
|
Poland |
| 5 |
|
4.122
kr
/kg
|
Poland |
| 6 |
|
4.107
kr
/kg
|
Japan |
| 7 |
|
3.899
kr
/kg
|
Denmark |
| 8 |
|
3.72
kr
/kg
|
Italy |
| 9 |
|
3.72
kr
/kg
|
Latvia |
| 10 |
|
3.646
kr
/kg
|
Russia |
| 11 |
|
3.199
kr
/kg
|
Finland |
| 12 |
|
2.976
kr
/kg
|
Lithuania |
| 13 |
|
2.931
kr
/kg
|
Czech Republic |
| 14 |
|
2.924
kr
/kg
|
Russia |
| 15 |
|
2.768
kr
/kg
|
Russia |
| 16 |
|
2.626
kr
/kg
|
Russia |
| 17 |
|
2.604
kr
/kg
|
Lithuania |
| 18 |
|
2.604
kr
/kg
|
Lithuania |
| 19 |
|
2.604
kr
/kg
|
Lithuania |
| 20 |
|
2.604
kr
/kg
|
Lithuania |
| 21 |
|
2.604
kr
/kg
|
Lithuania |
| 22 |
|
2.582
kr
/kg
|
Poland |
| 23 |
|
2.582
kr
/kg
|
Poland |
| 24 |
|
2.552
kr
/kg
|
Russia |
| 25 |
|
2.187
kr
/kg
|
Russia |
| 26 |
|
2.113
kr
/kg
|
United Kingdom |
| 27 |
|
2.061
kr
/kg
|
Poland |
| 28 |
|
1.964
kr
/lb
|
USA |
| 29 |
|
1.756
kr
/lb
|
USA |
| 30 |
|
1.681
kr
/lb
|
USA |
| 31 |
|
1.466
kr
/kg
|
Russia |
| 32 |
|
1.406
kr
/lb
|
USA |
| 33 |
|
1.406
kr
/lb
|
USA |
| 34 |
|
1.406
kr
/lb
|
USA |
| 35 |
|
1.332
kr
/lb
|
USA |
| 36 |
|
1.332
kr
/lb
|
USA |
| 37 |
|
1.123
kr
/lb
|
USA |
| 38 |
|
1.094
kr
/kg
|
Russia |
| 39 |
|
1.056
kr
/lb
|
USA |
| 40 |
|
0.915
kr
/lb
|
USA |
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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.