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 |
 |
45.571
kr
/lb
|
Texas, Houston |
| 2 |
|
43.371
kr
/lb
|
Texas, Houston |
| 3 |
|
43.371
kr
/lb
|
New Jersey, Middlesex |
| 4 |
|
42.824
kr
/lb
|
California, Los Angeles |
| 5 |
|
42.824
kr
/lb
|
Pennsauken Township, New Jersey |
| 6 |
|
42.276
kr
/lb
|
Gilberts, Illinois |
| 7 |
|
42.276
kr
/lb
|
Pennsauken Township, New Jersey |
| 8 |
|
42.276
kr
/lb
|
Pennsauken Township, New Jersey |
| 9 |
|
41.729
kr
/lb
|
California, Los Angeles |
| 10 |
|
41.403
kr
/lb
|
Illinois, Chicago Heights |
| 11 |
|
41.182
kr
/lb
|
Texas, Houston |
| 12 |
|
41.182
kr
/lb
|
New Jersey, Middlesex |
| 13 |
|
40.74
kr
/lb
|
Illinois, Chicago Heights |
| 14 |
|
40.635
kr
/lb
|
Texas, Houston |
| 15 |
|
40.635
kr
/lb
|
Minnesota, Inver Grove Heights |
| 16 |
|
40.635
kr
/lb
|
Pennsauken Township, New Jersey |
| 17 |
|
40.077
kr
/lb
|
Chase, Michigan |
| 18 |
|
40.077
kr
/lb
|
Gilberts, Illinois |
| 19 |
|
39.529
kr
/g
|
Gilberts, Illinois |
| 20 |
|
39.529
kr
/lb
|
Minnesota, Inver Grove Heights |
| 21 |
|
39.529
kr
/lb
|
California, Los Angeles |
| 22 |
|
38.982
kr
/lb
|
Chase, Michigan |
| 23 |
|
38.982
kr
/lb
|
Wisconsin, Eau Claire |
| 24 |
|
38.982
kr
/lb
|
New Jersey, Middlesex |
| 25 |
|
38.924
kr
/lb
|
Chase, Michigan |
| 26 |
|
38.761
kr
/lb
|
Illinois, Chicago Heights |
| 27 |
|
38.656
kr
/lb
|
Illinois, Chicago Heights |
| 28 |
|
38.656
kr
/lb
|
Illinois, Chicago Heights |
| 29 |
|
38.435
kr
/lb
|
Maryland, Frederick |
| 30 |
|
38.435
kr
/lb
|
Minnesota, Inver Grove Heights |
| 31 |
|
38.435
kr
/lb
|
Florida, Miami |
| 32 |
|
37.667
kr
/lb
|
Kansas, Topeka |
| 33 |
|
37.551
kr
/lb
|
Illinois, Chicago Heights |
| 34 |
|
37.446
kr
/lb
|
New York, Binghamton |
| 35 |
|
37.341
kr
/lb
|
Wisconsin, Fond du Lac |
| 36 |
|
37.341
kr
/lb
|
New Jersey, Middlesex |
| 37 |
|
37.341
kr
/lb
|
Florida, Miami |
| 38 |
|
37.341
kr
/lb
|
Michigan, Detroit |
| 39 |
|
36.782
kr
/lb
|
Gilberts, Illinois |
| 40 |
|
36.782
kr
/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.