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 |
 |
3.2
zł
/kg
|
Poland |
| 2 |
|
2.923
zł
/kg
|
Japan |
| 3 |
|
2.425
zł
/kg
|
Latvia |
| 4 |
|
2.425
zł
/kg
|
Latvia |
| 5 |
|
2.399
zł
/kg
|
Poland |
| 6 |
|
2.399
zł
/kg
|
Poland |
| 7 |
|
2.269
zł
/kg
|
Denmark |
| 8 |
|
2.165
zł
/kg
|
Italy |
| 9 |
|
2.165
zł
/kg
|
Latvia |
| 10 |
|
2.122
zł
/kg
|
Russia |
| 11 |
|
1.862
zł
/kg
|
Finland |
| 12 |
|
1.732
zł
/kg
|
Lithuania |
| 13 |
|
1.706
zł
/kg
|
Czech Republic |
| 14 |
|
1.702
zł
/kg
|
Russia |
| 15 |
|
1.611
zł
/kg
|
Russia |
| 16 |
|
1.528
zł
/kg
|
Russia |
| 17 |
|
1.516
zł
/kg
|
Lithuania |
| 18 |
|
1.516
zł
/kg
|
Lithuania |
| 19 |
|
1.516
zł
/kg
|
Lithuania |
| 20 |
|
1.516
zł
/kg
|
Lithuania |
| 21 |
|
1.516
zł
/kg
|
Lithuania |
| 22 |
|
1.503
zł
/kg
|
Poland |
| 23 |
|
1.503
zł
/kg
|
Poland |
| 24 |
|
1.485
zł
/kg
|
Russia |
| 25 |
|
1.273
zł
/kg
|
Russia |
| 26 |
|
1.23
zł
/kg
|
United Kingdom |
| 27 |
|
1.199
zł
/kg
|
Poland |
| 28 |
|
1.143
zł
/lb
|
USA |
| 29 |
|
1.022
zł
/lb
|
USA |
| 30 |
|
0.979
zł
/lb
|
USA |
| 31 |
|
0.853
zł
/kg
|
Russia |
| 32 |
|
0.818
zł
/lb
|
USA |
| 33 |
|
0.818
zł
/lb
|
USA |
| 34 |
|
0.818
zł
/lb
|
USA |
| 35 |
|
0.775
zł
/lb
|
USA |
| 36 |
|
0.775
zł
/lb
|
USA |
| 37 |
|
0.654
zł
/lb
|
USA |
| 38 |
|
0.637
zł
/kg
|
Russia |
| 39 |
|
0.615
zł
/lb
|
USA |
| 40 |
|
0.533
zł
/lb
|
USA |
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.