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 |
 |
13.455
лв
/kg
|
Rīga |
| 2 |
|
13.26
лв
/kg
|
Liepāja |
| 3 |
|
13.163
лв
/kg
|
Ventspils |
| 4 |
|
13.065
лв
/kg
|
Smiltene |
| 5 |
|
13.065
лв
/kg
|
Rīga |
| 6 |
|
12.87
лв
/kg
|
Jēkabpils |
| 7 |
|
12.675
лв
/kg
|
Jelgava |
| 8 |
|
12.48
лв
/kg
|
Liepāja |
| 9 |
|
12.383
лв
/kg
|
Ventspils |
| 10 |
|
12.11
лв
/kg
|
Rīga |
| 11 |
|
12.09
лв
/kg
|
Jelgava |
| 12 |
|
7.722
лв
/kg
|
Rīga |
| 13 |
|
6.728
лв
/kg
|
Liepāja |
| 14 |
|
6.435
лв
/kg
|
Rīga |
| 15 |
|
6.143
лв
/kg
|
Rīga |
| 16 |
|
5.948
лв
/kg
|
Liepāja |
| 17 |
|
5.85
лв
/kg
|
Ventspils |
| 18 |
|
5.85
лв
/kg
|
Jelgava |
| 19 |
|
5.616
лв
/kg
|
Rīga |
| 20 |
|
2.633
лв
/kg
|
Jelgava |
| 21 |
|
2.438
лв
/kg
|
Jēkabpils |
| 22 |
|
2.34
лв
/kg
|
Rīga |
| 23 |
|
2.34
лв
/kg
|
Jelgava |
| 24 |
|
2.145
лв
/kg
|
Liepāja |
| 25 |
|
2.087
лв
/kg
|
Ventspils |
| 26 |
|
1.755
лв
/kg
|
Jelgava |
| 27 |
|
1.755
лв
/kg
|
Jelgava |
| 28 |
|
1.658
лв
/kg
|
Jelgava |
| 29 |
|
1.638
лв
/kg
|
Liepāja |
| 30 |
|
1.619
лв
/kg
|
Liepāja |
| 31 |
|
1.599
лв
/kg
|
Rīga |
| 32 |
|
1.56
лв
/kg
|
Rīga |
| 33 |
|
1.56
лв
/kg
|
Ventspils |
| 34 |
|
1.56
лв
/kg
|
Ventspils |
| 35 |
|
1.463
лв
/kg
|
Rīga |
| 36 |
|
1.463
лв
/kg
|
Liepāja |
| 37 |
|
1.463
лв
/kg
|
Smiltene |
| 38 |
|
1.463
лв
/kg
|
Jēkabpils |
| 39 |
|
1.404
лв
/kg
|
Rīga |
| 40 |
|
1.385
лв
/kg
|
Ventspils |
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.