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A sharp drop in copper prices on exchanges raises concerns
2025-04-08, Scrap copper prices
Copper price spike in 2024
2024-04-22, Scrap copper prices
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.
The price of scrap copper is falling
2023-05-24, Scrap copper prices
In the first days of 2023, the price of copper increased by about 15% and on January 18, it reached $9.436 per kilogram on the London Metal Exchange. However, since that day, the price of copper has steadily declined. On March 15, 2023, the price of copper fell to $8.52/kg, and by May 23, it fell as low as $7.96 per kilogram. As the price of copper in the metal exchanges decreased, the [prices of copper scrap] in each country decreased accordingly. According to information from the scraprice.com website, you can see which country has the highest copper scrap prices. Recently, the highest price of copper scrap was in Poland. The firm Raf-Mar from the city of Kraków bought scrap copper for €7.23/kg in mid-February this year, and on May 24, it paid only €5.77 per kilogram of copper.
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