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Copper price spike in 2024

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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.

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# Buyer Purchase price City
1
Petro Metalai
879.12 £ /kg no changes Marijampolė
2
Petro Metalai
879.12 £ /kg no changes Kazlų Rūda
3
Utenos metalai
457.6 £ /kg no changes Utena
4
Blancomet
440 £ /kg no changes Vilnius
5
Kaunakiemis
352 £ /kg no changes Kaunas
6
Kaunakiemis
281.6 £ /kg no changes Kaunas
7
Kaunakiemis
176 £ /kg no changes Kaunas
8
Kaunakiemis
176 £ /kg no changes Kaunas
9
Novitera
176 £ /kg no changes Klaipėda
10
Blancomet
88 £ /kg no changes Vilnius
11
Tavo Lombardas
58.96 £ /g price up Vilnius
12
Monodija
58.872 £ /g price up Kaunas
13
Monodija
57.552 £ /g price up Kaunas
14
Novitera
56.927 £ /g price up Klaipėda
15
Blancomet
56.355 £ /g no changes Vilnius
16
Novitera
55.158 £ /g price down Kaunas
17
UAB Amalgamus
48.4 £ /g price up Vilnius
18
Tavo Lombardas
47.52 £ /g no changes Vilnius
19
Monodija
46.904 £ /g price up Kaunas
20
Tavo Lombardas
46.64 £ /g price up Vilnius
21
Monodija
46.288 £ /g price up Kaunas
22
Monodija
45.936 £ /g price up Kaunas
23
Monodija
45.848 £ /g price up Kaunas
24
Tavo Lombardas
45.76 £ /g price up Vilnius
25
MB Goldeta
44 £ /g no changes Alytus
26
UAB Amalgamus
43.12 £ /g price up Vilnius
27
Novitera
42.742 £ /g price up Klaipėda
28
Blancomet
42.31 £ /g no changes Vilnius
29
Auksinis garantas
42.24 £ /g no changes Kaunas
30
Tavo Lombardas
42.24 £ /g price up Vilnius
31
Novitera
41.404 £ /g price down Kaunas
32
Monodija
39.952 £ /g price up Kaunas
33
Monodija
39.424 £ /g price up Kaunas
34
Monodija
39.16 £ /g price up Kaunas
35
Monodija
39.072 £ /g price up Kaunas
36
Auksinis garantas
36.96 £ /g no changes Kaunas
37
UAB Amalgamus
35.2 £ /g price up Vilnius
38
Vilniaus Juvelyrika
34.32 £ /g no changes Vilnius
39
Vilniaus Juvelyrika
34.32 £ /g no changes Vilnius
40
Vilniaus Juvelyrika
34.32 £ /g no changes Vilnius


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