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 | City |
|---|---|---|---|
| 1 |
 |
104.601
Kč
/lb
|
Illinois, Chicago Heights |
| 2 |
|
102.19
Kč
/lb
|
Illinois, Chicago Heights |
| 3 |
|
99.324
Kč
/lb
|
Minnesota, Inver Grove Heights |
| 4 |
|
99.324
Kč
/lb
|
Texas, Houston |
| 5 |
|
98.131
Kč
/lb
|
Minnesota, Inver Grove Heights |
| 6 |
|
98.131
Kč
/lb
|
California, Los Angeles |
| 7 |
|
97.877
Kč
/lb
|
Illinois, Chicago Heights |
| 8 |
|
97.877
Kč
/lb
|
Illinois, Chicago Heights |
| 9 |
|
97.877
Kč
/lb
|
Illinois, Chicago Heights |
| 10 |
|
97.167
Kč
/lb
|
Pennsauken Township, New Jersey |
| 11 |
|
97.167
Kč
/lb
|
Pennsauken Township, New Jersey |
| 12 |
|
96.939
Kč
/lb
|
Pennsauken Township, New Jersey |
| 13 |
|
95.746
Kč
/lb
|
Minnesota, Inver Grove Heights |
| 14 |
|
95.746
Kč
/lb
|
New Jersey, Middlesex |
| 15 |
|
95.746
Kč
/lb
|
California, Los Angeles |
| 16 |
|
95.493
Kč
/lb
|
Illinois, Chicago Heights |
| 17 |
|
94.529
Kč
/lb
|
Texas, Houston |
| 18 |
|
93.336
Kč
/lb
|
New York, Binghamton |
| 19 |
|
93.336
Kč
/lb
|
Kansas, Topeka |
| 20 |
|
93.336
Kč
/lb
|
California, Los Angeles |
| 21 |
|
93.336
Kč
/lb
|
Florida, Miami |
| 22 |
|
92.144
Kč
/lb
|
Gilberts, Illinois |
| 23 |
|
91.662
Kč
/lb
|
Pennsauken Township, New Jersey |
| 24 |
|
89.759
Kč
/lb
|
New York, Binghamton |
| 25 |
|
89.759
Kč
/lb
|
Wisconsin, Eau Claire |
| 26 |
|
89.759
Kč
/lb
|
Texas, Houston |
| 27 |
|
88.567
Kč
/lb
|
New Jersey, Middlesex |
| 28 |
|
88.567
Kč
/lb
|
Florida, Miami |
| 29 |
|
88.567
Kč
/lb
|
Texas, Houston |
| 30 |
|
87.831
Kč
/lb
|
New York, Binghamton |
| 31 |
|
87.349
Kč
/lb
|
Chase, Michigan |
| 32 |
|
87.349
Kč
/lb
|
Gilberts, Illinois |
| 33 |
|
86.157
Kč
/lb
|
Utah, Salt Lake City |
| 34 |
|
86.157
Kč
/lb
|
Indiana, Evansville |
| 35 |
|
86.157
Kč
/lb
|
Wisconsin, Eau Claire |
| 36 |
|
86.157
Kč
/lb
|
Massachusetts, Middleborough |
| 37 |
|
86.157
Kč
/g
|
Gilberts, Illinois |
| 38 |
|
84.964
Kč
/lb
|
Chase, Michigan |
| 39 |
|
84.837
Kč
/lb
|
Chase, Michigan |
| 40 |
|
83.772
Kč
/lb
|
Maryland, Frederick |
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.