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 |
 |
92.596
kr
/kg
|
Romford |
| 2 |
|
89.279
kr
/kg
|
Romford |
| 3 |
|
85.973
kr
/kg
|
Romford |
| 4 |
|
85.973
kr
/kg
|
Birmingham |
| 5 |
|
85.973
kr
/kg
|
Middleton |
| 6 |
|
85.182
kr
/kg
|
Beenham |
| 7 |
|
83.924
kr
/kg
|
Romford |
| 8 |
|
83.331
kr
/kg
|
Wokingham |
| 9 |
|
83.331
kr
/kg
|
Birmingham |
| 10 |
|
82.004
kr
/kg
|
Middleton |
| 11 |
|
81.608
kr
/kg
|
Beenham |
| 12 |
|
80.688
kr
/kg
|
Romford |
| 13 |
|
78.046
kr
/kg
|
Romford |
| 14 |
|
78.046
kr
/kg
|
Birmingham |
| 15 |
|
78.046
kr
/kg
|
Middleton |
| 16 |
|
76.987
kr
/kg
|
Beenham |
| 17 |
|
76.323
kr
/kg
|
Beenham |
| 18 |
|
76.184
kr
/kg
|
Wokingham |
| 19 |
|
75.392
kr
/kg
|
London |
| 20 |
|
73.018
kr
/kg
|
Dover |
| 21 |
|
73.018
kr
/kg
|
Canterbury |
| 22 |
|
73.018
kr
/kg
|
Brooks End |
| 23 |
|
73.018
kr
/kg
|
Acol |
| 24 |
|
73.018
kr
/kg
|
Broadstairs |
| 25 |
|
72.75
kr
/kg
|
London |
| 26 |
|
72.75
kr
/kg
|
Nottingham |
| 27 |
|
71.423
kr
/kg
|
London |
| 28 |
|
71.423
kr
/kg
|
London |
| 29 |
|
71.423
kr
/kg
|
London |
| 30 |
|
71.423
kr
/kg
|
Birmingham |
| 31 |
|
71.167
kr
/kg
|
Wokingham |
| 32 |
|
70.108
kr
/kg
|
Wokingham |
| 33 |
|
68.781
kr
/kg
|
London |
| 34 |
|
66.138
kr
/kg
|
London |
| 35 |
|
66.138
kr
/kg
|
London |
| 36 |
|
66.138
kr
/kg
|
Nottingham |
| 37 |
|
63.496
kr
/kg
|
London |
| 38 |
|
62.169
kr
/kg
|
London |
| 39 |
|
60.842
kr
/kg
|
Wokingham |
| 40 |
|
59.527
kr
/kg
|
London |
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.