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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
Mid-States Recycling & Refining
66.906 € /g no changes Illinois, Des Plaines
2
Mid-States Recycling & Refining
63.698 € /g price down Illinois, Des Plaines
3
Mid-States Recycling & Refining
60.642 € /g price down Illinois, Des Plaines
4
Mid-States Recycling & Refining
59.811 € /g no changes Illinois, Des Plaines
5
Seattle Gold
57.189 € /g price up Washington, Seattle
6
LA Cash for Gold
56.104 € /g price up California, Pasadena
7
Andres Fine Jewelers
55.189 € /g price up Michigan, Brighton
8
LA Cash for Gold
53.811 € /g price up California, Pasadena
9
Andres Fine Jewelers
51.5 € /g price up Michigan, Brighton
10
LA Cash for Gold
51.472 € /g price up California, Pasadena
11
Seattle Gold
51.283 € /g price up Washington, Seattle
12
Mid-States Recycling & Refining
50.075 € /g price down Illinois, Des Plaines
13
LA Cash for Gold
49.132 € /g price up California, Pasadena
14
Seattle Gold
48.906 € /g price up Washington, Seattle
15
LA Cash for Gold
46.783 € /g price up California, Pasadena
16
LA Cash for Gold
44.443 € /g price up California, Pasadena
17
Andres Fine Jewelers
44.142 € /g price up Michigan, Brighton
18
Seattle Gold
41.745 € /g price up Washington, Seattle
19
Mid-States Recycling & Refining
41.028 € /g price down Illinois, Des Plaines
20
LA Cash for Gold
39.462 € /g price up California, Pasadena
21
Mid-States Recycling & Refining
38.585 € /g price down Illinois, Des Plaines
22
LA Cash for Gold
37.274 € /g price up California, Pasadena
23
LA Cash for Gold
35.075 € /g price up California, Pasadena
24
Andres Fine Jewelers
33.689 € /g price up Michigan, Brighton
25
LA Cash for Gold
32.887 € /g price up California, Pasadena
26
Mid-States Recycling & Refining
32.547 € /g no changes Illinois, Des Plaines
27
Seattle Gold
32.208 € /g price up Washington, Seattle
28
LA Cash for Gold
30.679 € /g price up California, Pasadena
29
LA Cash for Gold
28.491 € /g price up California, Pasadena
30
Mid-States Recycling & Refining
27.84 € /g no changes Illinois, Des Plaines
31
LA Cash for Gold
26.302 € /g price up California, Pasadena
32
LA Cash for Gold
24.113 € /g price up California, Pasadena
33
Andres Fine Jewelers
23.858 € /g price up Michigan, Brighton
34
Seattle Gold
22.66 € /g price down Washington, Seattle
35
Mid-States Recycling & Refining
22.387 € /g price down Illinois, Des Plaines
36
LA Cash for Gold
21.925 € /g price up California, Pasadena
37
Seattle Gold
20.274 € /g price up Washington, Seattle
38
LA Cash for Gold
19.726 € /g price up California, Pasadena
39
LA Cash for Gold
17.538 € /g price up California, Pasadena
40
LA Cash for Gold
15.34 € /g price up California, Pasadena


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