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 | Comments | Country |
|---|---|---|---|---|
| 1 |
 |
7.981
€
/kg
|
Soyma Bakır Hurdası | Turkey |
| 2 |
|
7.981
€
/kg
|
Lama bakır İmalat artığı Elektrolitik | Turkey |
| 3 |
|
7.928
€
/kg
|
Bakır Soyma | Turkey |
| 4 |
|
7.738
€
/kg
|
Dry Bright Cu Wire | United Kingdom |
| 5 |
|
7.715
€
/kg
|
Lama Bakır Hurdası | Turkey |
| 6 |
|
7.715
€
/kg
|
Soyma Bakır Hurdası | Turkey |
| 7 |
|
7.622
€
/kg
|
Miedź milbera | Poland |
| 8 |
|
7.619
€
/kg
|
New Cu Tube | United Kingdom |
| 9 |
|
7.582
€
/kg
|
Lama Bakır Hurdası imalat | Turkey |
| 10 |
|
7.582
€
/kg
|
Soyma Bakır Hurdası | Turkey |
| 11 |
|
7.529
€
/kg
|
Miedź milbera | Poland |
| 12 |
|
7.5
€
/kg
|
Kupfer Millberry (ab 1000kg) | Germany |
| 13 |
|
7.5
€
/kg
|
CUIVRE DÉNUDÉ NEUF MILLBERRY | France |
| 14 |
|
7.5
€
/kg
|
Clean Flat Electro | United Kingdom |
| 15 |
|
7.449
€
/kg
|
Soyma Bakır | Turkey |
| 16 |
|
7.4
€
/kg
|
Kupfer - Millberry (bis 100 kg) | Germany |
| 17 |
|
7.4
€
/kg
|
RAME 2° S – TUBO E LASTRA NUOVA | Italy |
| 18 |
|
7.389
€
/kg
|
Miedź Świecąca | Poland |
| 19 |
|
7.38
€
/kg
|
Kupfer Raff | Germany |
| 20 |
|
7.38
€
/kg
|
Greasy Bright Wire | United Kingdom |
| 21 |
|
7.354
€
/kg
|
Медь 1 сорт | Russia |
| 22 |
|
7.319
€
/kg
|
Miedź milbera | Poland |
| 23 |
|
7.304
€
/kg
|
Медь 1-А сорт | Russia |
| 24 |
|
7.3
€
/kg
|
Cuivre Millberry | France |
| 25 |
|
7.3
€
/kg
|
Millberry dünn | Germany |
| 26 |
|
7.3
€
/kg
|
Cuivre élec dénudé : Rigide rouge et brillant | France |
| 27 |
|
7.298
€
/kg
|
Dry bright wire | United Kingdom |
| 28 |
|
7.254
€
/kg
|
Медь 2 сорт | Russia |
| 29 |
|
7.254
€
/kg
|
Медь прокат | Russia |
| 30 |
|
7.254
€
/kg
|
Медь (луженая -10%) | Russia |
| 31 |
|
7.243
€
/kg
|
cablu decojit - NE ars, NE Lăcuit- strălucitor | Romania |
| 32 |
|
7.237
€
/kg
|
Бытовой лом меди (сорт 1) | Belarus |
| 33 |
7.229
€
/kg
|
Miedż Milbera | Poland | |
| 34 |
|
7.226
€
/kg
|
MIEDŹ MILLBERY | Poland |
| 35 |
|
7.226
€
/kg
|
Złom miedzi - milbera | Poland |
| 36 |
|
7.21
€
/kg
|
Kupfer Millberry | Germany |
| 37 |
|
7.204
€
/kg
|
лом меди - микс (наличный расчет) | Russia |
| 38 |
|
7.204
€
/kg
|
Медь блеск | Russia |
| 39 |
|
7.2
€
/kg
|
Stanzabfälle / Kerze (bis 100 kg) | Germany |
| 40 |
|
7.2
€
/kg
|
Kupfer Schienen | Germany |
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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.