The current copper price explained
The copper price: why does it fluctuate so often?
Copper is one of the most valuable scrap metals. But if you regularly sell copper, you’ve likely noticed that the price constantly changes. One week you get more, the next week less. Why is that? And what exactly determines the value of copper?
In this blog, we explain why copper prices fluctuate – so you’ll know when it’s a smart time to cash in your scrap copper.
📈 Why does the copper price change?
Copper prices are largely determined on the global market similar to oil and gold. Several key factors influence the value:
1. Supply and demand
If global construction activity rises or the production of electric vehicles increases demand for copper grows and so does the price. When demand drops prices typically fall.
2. Economic conditions
Copper is essential in construction industry and technology. In a strong economy these sectors thrive pushing copper prices higher. During economic slowdowns or uncertainty prices often decline.
3. Mining supply
Copper is extracted from mines. Strikes or supply issues in mining operations can reduce availability. Less supply generally leads to higher prices.
4. Dollar exchange rate
Copper is traded worldwide in US dollars. If the dollar strengthens against the euro that affects the price you receive in the Netherlands and vice versa.
What does this mean for you?
The copper price isn’t random. Global developments in the economy supply chains and currency exchange rates all play a role. But when you’re ready to sell your copper you want the best price per kilo.
📍 Visit us in Nijmegen
Contact us at 024 378 8324 or fill in the contact form on this page. We are open Monday to Friday from 08:00 to 16:45. Do you have a question about copper, other metals, or the current price.
Do you have any questions?
Frequently asked questions about copper
- What’s today’s copper price?
Check in at our location or give us a quick call for the latest rate. - Which type of copper is worth the most?
Clean red copper has the highest value. Cables or mixed copper are worth slightly less. - Can I also sell other metals?
Yes we also accept brass aluminum lead zinc electric motors and scrap iron.