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Wow, the price of copper per tonne in the UK is really something! It’s no wonder it’s such a hot commodity - after all, it’s used in so many different industries. From construction to electronics, copper is an essential part of our everyday lives. But what exactly does it cost? Let’s take a look at the current price of copper per tonne in the UK and see what we can find out!
What Is The Price Of Copper Per Tonne Uk? [Solved]
Wow, scrap cable prices have really gone up! Heavy copper is now £6,032 per ton - that’s a jump of over £500 since last year. No. 2 copper isn’t far behind at £5,766 and copper tanks/cylinders are also pricey at £5,605. Even braziery copper fittings have seen an increase to £5,073. Yikes!
Spot Price: The spot price of copper is the current market price for a tonne of copper in the UK. It fluctuates daily and is determined by supply and demand.
London Metal Exchange (LME): The London Metal Exchange (LME) is the primary source for pricing information on copper in the UK, with prices quoted in US dollars per tonne.
Futures Contracts: Copper futures contracts are available on the LME, allowing investors to buy or sell a certain amount of copper at a predetermined price at a future date.
Cash Market: The cash market for copper involves buying and selling physical metal, with prices quoted in sterling per tonne rather than US dollars as on the LME.
Supply & Demand Factors: Supply and demand factors such as economic growth, industrial production levels, currency exchange rates and geopolitical events can all affect the price of copper in the UK market over time
The price of a tonne of copper in the UK can vary, but it’s usually pretty pricey. It’s not cheap, that’s for sure - you’re looking at shelling out a fair bit of cash if you want to get your hands on it. But hey, that’s just the cost of doing business!
