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 | Country |
|---|---|---|---|
| 1 |
 |
3.636
lei
/kg
|
Poland |
| 2 |
|
3.321
lei
/kg
|
Japan |
| 3 |
|
2.755
lei
/kg
|
Latvia |
| 4 |
|
2.755
lei
/kg
|
Latvia |
| 5 |
|
2.726
lei
/kg
|
Poland |
| 6 |
|
2.726
lei
/kg
|
Poland |
| 7 |
|
2.578
lei
/kg
|
Denmark |
| 8 |
|
2.46
lei
/kg
|
Italy |
| 9 |
|
2.46
lei
/kg
|
Latvia |
| 10 |
|
2.411
lei
/kg
|
Russia |
| 11 |
|
2.116
lei
/kg
|
Finland |
| 12 |
|
1.968
lei
/kg
|
Lithuania |
| 13 |
|
1.938
lei
/kg
|
Czech Republic |
| 14 |
|
1.934
lei
/kg
|
Russia |
| 15 |
|
1.83
lei
/kg
|
Russia |
| 16 |
|
1.737
lei
/kg
|
Russia |
| 17 |
|
1.722
lei
/kg
|
Lithuania |
| 18 |
|
1.722
lei
/kg
|
Lithuania |
| 19 |
|
1.722
lei
/kg
|
Lithuania |
| 20 |
|
1.722
lei
/kg
|
Lithuania |
| 21 |
|
1.722
lei
/kg
|
Lithuania |
| 22 |
|
1.707
lei
/kg
|
Poland |
| 23 |
|
1.707
lei
/kg
|
Poland |
| 24 |
|
1.688
lei
/kg
|
Russia |
| 25 |
|
1.446
lei
/kg
|
Russia |
| 26 |
|
1.397
lei
/kg
|
United Kingdom |
| 27 |
|
1.363
lei
/kg
|
Poland |
| 28 |
|
1.299
lei
/lb
|
USA |
| 29 |
|
1.161
lei
/lb
|
USA |
| 30 |
|
1.112
lei
/lb
|
USA |
| 31 |
|
0.969
lei
/kg
|
Russia |
| 32 |
|
0.93
lei
/lb
|
USA |
| 33 |
|
0.93
lei
/lb
|
USA |
| 34 |
|
0.93
lei
/lb
|
USA |
| 35 |
|
0.881
lei
/lb
|
USA |
| 36 |
|
0.881
lei
/lb
|
USA |
| 37 |
|
0.743
lei
/lb
|
USA |
| 38 |
|
0.723
lei
/kg
|
Russia |
| 39 |
|
0.699
lei
/lb
|
USA |
| 40 |
|
0.605
lei
/lb
|
USA |
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.