Scrap copper prices, Canada
Scrap copper purchase prices directly depend on the price of copper on international metal exchanges. Scrap buyers constantly checking price changes and adjust purchase prices accordingly. The price of copper scrap is also influenced by the type and quantity of copper scrap, the buyer's pricing, the tax policy applied by the state for such activities and other factors. In order to sell copper scrap at a high price, you should always look at the offers of several buyers and compare the proposed purchase prices of copper scrap for that day. On this website, you can find out what the latest purchase prices of copper scrap are in real time in different cities and different countries.
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.
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