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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.

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TOP 20 LME

# Buyer Purchase price Country

1
30.677 p. /kg Poland

2
30.587 p. /kg Germany

3
30.515 p. /kg Germany

4
30.407 p. /kg Germany

5
30.346 p. /kg Poland

6
30.336 p. /kg Belgium

7
30.264 p. /kg Poland

8
29.847 p. /kg Poland

9
29.847 p. /kg Poland

10
29.797 p. /kg Italy

11
29.797 p. /kg Germany

12
29.725 p. /kg Germany

13
29.682 p. /kg Poland

14
29.6 p. /kg Poland

15
29.6 p. /kg Poland

16
29.438 p. /kg Estonia

17
29.438 p. /kg Germany

18
29.438 p. /kg Germany

19
29.377 p. /kg Turkey

20
29.377 p. /kg Turkey

21
29.377 p. /kg Turkey

22
29.266 p. /kg Poland

23
29.266 p. /kg Poland

24
29.259 p. /kg Lithuania

25
29.187 p. /kg Romania

26
29.183 p. /kg Poland

27
29.079 p. /kg Germany

28
29.079 p. /kg Spain

29
29.079 p. /kg Estonia

30
29.018 p. /kg Poland

31
29.018 p. /kg Poland

32
29.018 p. /kg Poland

33
28.853 p. /kg Poland

34
28.72 p. /kg Netherlands

35
28.72 p. /kg Lithuania

36
28.72 p. /kg Netherlands

37
28.72 p. /kg Netherlands

38
28.72 p. /kg Germany

39
28.72 p. /kg France

40
28.72 p. /kg Germany

#	Purchase price	Country
1	30.677 p. /kg	Poland
2	30.587 p. /kg	Germany
3	30.515 p. /kg	Germany
4	30.407 p. /kg	Germany
5	30.346 p. /kg	Poland
6	30.336 p. /kg	Belgium
7	30.264 p. /kg	Poland
8	29.847 p. /kg	Poland
9	29.847 p. /kg	Poland
10	29.797 p. /kg	Italy
11	29.797 p. /kg	Germany
12	29.725 p. /kg	Germany
13	29.682 p. /kg	Poland
14	29.6 p. /kg	Poland
15	29.6 p. /kg	Poland

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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.

16	29.438 p. /kg	Estonia
17	29.438 p. /kg	Germany
18	29.438 p. /kg	Germany
19	29.377 p. /kg	Turkey
20	29.377 p. /kg	Turkey
21	29.377 p. /kg	Turkey
22	29.266 p. /kg	Poland
23	29.266 p. /kg	Poland
24	29.259 p. /kg	Lithuania
25	29.187 p. /kg	Romania
26	29.183 p. /kg	Poland
27	29.079 p. /kg	Germany
28	29.079 p. /kg	Spain
29	29.079 p. /kg	Estonia
30	29.018 p. /kg	Poland

Scrap copper prices

Copper price spike in 2024