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 |
 |
31.393
zł
/kg
|
Rīga |
| 2 |
|
30.527
zł
/kg
|
Liepāja |
| 3 |
|
30.31
zł
/kg
|
Ventspils |
| 4 |
|
30.31
zł
/kg
|
Smiltene |
| 5 |
|
30.31
zł
/kg
|
Jelgava |
| 6 |
|
30.31
zł
/kg
|
Jelgava |
| 7 |
|
30.31
zł
/kg
|
Rīga |
| 8 |
|
29.877
zł
/kg
|
Jēkabpils |
| 9 |
|
28.795
zł
/kg
|
Liepāja |
| 10 |
|
28.578
zł
/kg
|
Ventspils |
| 11 |
|
28.253
zł
/kg
|
Rīga |
| 12 |
|
17.926
zł
/kg
|
Rīga |
| 13 |
|
14.939
zł
/kg
|
Liepāja |
| 14 |
|
14.722
zł
/kg
|
Rīga |
| 15 |
|
14.289
zł
/kg
|
Rīga |
| 16 |
|
13.856
zł
/kg
|
Jelgava |
| 17 |
|
13.51
zł
/kg
|
Liepāja |
| 18 |
|
13.293
zł
/kg
|
Ventspils |
| 19 |
|
12.47
zł
/kg
|
Rīga |
| 20 |
|
6.495
zł
/kg
|
Jelgava |
| 21 |
|
5.413
zł
/kg
|
Jēkabpils |
| 22 |
|
5.413
zł
/kg
|
Jelgava |
| 23 |
|
5.196
zł
/kg
|
Rīga |
| 24 |
|
4.806
zł
/kg
|
Liepāja |
| 25 |
|
4.806
zł
/kg
|
Ventspils |
| 26 |
|
4.114
zł
/kg
|
Jelgava |
| 27 |
|
3.897
zł
/kg
|
Jelgava |
| 28 |
|
3.897
zł
/kg
|
Jelgava |
| 29 |
|
3.81
zł
/kg
|
Liepāja |
| 30 |
|
3.81
zł
/kg
|
Ventspils |
| 31 |
|
3.681
zł
/kg
|
Smiltene |
| 32 |
|
3.637
zł
/kg
|
Liepāja |
| 33 |
|
3.637
zł
/kg
|
Ventspils |
| 34 |
|
3.551
zł
/kg
|
Rīga |
| 35 |
|
3.464
zł
/kg
|
Rīga |
| 36 |
|
3.334
zł
/kg
|
Liepāja |
| 37 |
|
3.334
zł
/kg
|
Ventspils |
| 38 |
|
3.312
zł
/kg
|
Rīga |
| 39 |
|
3.248
zł
/kg
|
Rīga |
| 40 |
|
3.248
zł
/kg
|
Jēkabpils |
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.