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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.

Car wiring

TOP 20 LME

# Buyer Purchase price Country

1
24.8 p. /kg Russia

2
23.687 p. /kg Russia

3
23.5 p. /kg Russia

4
21.465 p. /kg Russia

5
21.206 p. /kg Russia

6
20.355 p. /kg Russia

7
15.9 p. /kg Poland

8
14.181 p. /kg Lithuania

9
14.094 p. /kg Japan

10
13.283 p. /kg Lithuania

11
13.283 p. /kg Lithuania

12
13.283 p. /kg Lithuania

13
13.283 p. /kg Lithuania

14
13.283 p. /kg Lithuania

15
13.283 p. /kg Lithuania

16
13.283 p. /kg Lithuania

17
13.283 p. /kg Lithuania

18
13.104 p. /kg Italy

19
12.971 p. /kg Poland

20
12.971 p. /kg Poland

21
12.924 p. /kg Lithuania

22
12.924 p. /kg Lithuania

23
12.924 p. /kg Lithuania

24
12.924 p. /kg Lithuania

25
12.852 p. /kg Poland

26
12.745 p. /kg Lithuania

27
12.719 p. /kg Poland

28
12.565 p. /kg Lithuania

29
12.386 p. /kg Latvia

30
12.206 p. /kg Lithuania

31
12.03 p. /kg Russia

32
11.883 p. /kg Poland

33
11.847 p. /kg Lithuania

34
11.847 p. /kg Latvia

35
11.847 p. /kg Lithuania

36
11.488 p. /kg Latvia

37
11.488 p. /kg Lithuania

38
10.881 p. /kg Poland

39
10.878 p. /kg Poland

40
10.878 p. /kg Poland

#	Purchase price	Country
1	24.8 p. /kg	Russia
2	23.687 p. /kg	Russia
3	23.5 p. /kg	Russia
4	21.465 p. /kg	Russia
5	21.206 p. /kg	Russia
6	20.355 p. /kg	Russia
7	15.9 p. /kg	Poland
8	14.181 p. /kg	Lithuania
9	14.094 p. /kg	Japan
10	13.283 p. /kg	Lithuania
11	13.283 p. /kg	Lithuania
12	13.283 p. /kg	Lithuania
13	13.283 p. /kg	Lithuania
14	13.283 p. /kg	Lithuania
15	13.283 p. /kg	Lithuania

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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.

31	12.03 p. /kg	Russia
32	11.883 p. /kg	Poland
33	11.847 p. /kg	Lithuania
34	11.847 p. /kg	Latvia
35	11.847 p. /kg	Lithuania
36	11.488 p. /kg	Latvia
37	11.488 p. /kg	Lithuania
38	10.881 p. /kg	Poland
39	10.878 p. /kg	Poland
40	10.878 p. /kg	Poland