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 |
 |
16.952
zł
/lb
|
Texas, Houston |
| 2 |
|
16.134
zł
/lb
|
Texas, Houston |
| 3 |
|
16.134
zł
/lb
|
New Jersey, Middlesex |
| 4 |
|
15.93
zł
/lb
|
California, Los Angeles |
| 5 |
|
15.93
zł
/lb
|
Pennsauken Township, New Jersey |
| 6 |
|
15.727
zł
/lb
|
Gilberts, Illinois |
| 7 |
|
15.727
zł
/lb
|
Pennsauken Township, New Jersey |
| 8 |
|
15.727
zł
/lb
|
Pennsauken Township, New Jersey |
| 9 |
|
15.523
zł
/lb
|
California, Los Angeles |
| 10 |
|
15.402
zł
/lb
|
Illinois, Chicago Heights |
| 11 |
|
15.32
zł
/lb
|
Texas, Houston |
| 12 |
|
15.32
zł
/lb
|
New Jersey, Middlesex |
| 13 |
|
15.155
zł
/lb
|
Illinois, Chicago Heights |
| 14 |
|
15.116
zł
/lb
|
Texas, Houston |
| 15 |
|
15.116
zł
/lb
|
Minnesota, Inver Grove Heights |
| 16 |
|
15.116
zł
/lb
|
Pennsauken Township, New Jersey |
| 17 |
|
14.908
zł
/lb
|
Chase, Michigan |
| 18 |
|
14.908
zł
/lb
|
Gilberts, Illinois |
| 19 |
|
14.705
zł
/g
|
Gilberts, Illinois |
| 20 |
|
14.705
zł
/lb
|
Minnesota, Inver Grove Heights |
| 21 |
|
14.705
zł
/lb
|
California, Los Angeles |
| 22 |
|
14.501
zł
/lb
|
Chase, Michigan |
| 23 |
|
14.501
zł
/lb
|
Wisconsin, Eau Claire |
| 24 |
|
14.501
zł
/lb
|
New Jersey, Middlesex |
| 25 |
|
14.48
zł
/lb
|
Chase, Michigan |
| 26 |
|
14.419
zł
/lb
|
Illinois, Chicago Heights |
| 27 |
|
14.38
zł
/lb
|
Illinois, Chicago Heights |
| 28 |
|
14.38
zł
/lb
|
Illinois, Chicago Heights |
| 29 |
|
14.298
zł
/lb
|
Maryland, Frederick |
| 30 |
|
14.298
zł
/lb
|
Minnesota, Inver Grove Heights |
| 31 |
|
14.298
zł
/lb
|
Florida, Miami |
| 32 |
|
14.012
zł
/lb
|
Kansas, Topeka |
| 33 |
|
13.969
zł
/lb
|
Illinois, Chicago Heights |
| 34 |
|
13.93
zł
/lb
|
New York, Binghamton |
| 35 |
|
13.891
zł
/lb
|
Michigan, Detroit |
| 36 |
|
13.891
zł
/lb
|
Wisconsin, Fond du Lac |
| 37 |
|
13.891
zł
/lb
|
New Jersey, Middlesex |
| 38 |
|
13.891
zł
/lb
|
Florida, Miami |
| 39 |
|
13.683
zł
/lb
|
Gilberts, Illinois |
| 40 |
|
13.683
zł
/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.