Let me tell you about the time I dug into the price of copper per pound. It all started when I saw copper prices go up at the beginning of 2023. I thought, “Hmm, is this the time to buy or just hold on to what I have?”
So, I started digging. I looked at all sorts of stuff, like the economic recovery in China and the growing need for copper in green energy projects. It seemed like copper was becoming a big deal.
Then I checked out the actual price. Turns out, copper was going for about 4.2150 dollars a pound. I saw that the price was moving between 4.1760 and 4.2230 dollars that day. It had even gone up a bit from the day before, like 0.0195 or something. Pretty interesting, right?
- Checking Live Prices
- Scrap Copper Prices
- The Future of Copper
I found these live copper price charts from big markets in New York and London. It was cool to see the prices in real-time. One place I found even had a chart showing copper prices from way back, like 20 years ago. It was like a trip down memory lane, but with copper prices!
I also got into the nitty-gritty of scrap copper prices. Apparently, it ranges from 3.50 dollars a pound for the not-so-good stuff to over 4.50 dollars for the pure, shiny copper. Who knew there was such a range?
Then I read that copper might be a good investment because it is used a lot in electric cars and clean energy stuff. Some people think the price might be around 4.06 dollars a pound by the end of this quarter and even 4.29 dollars in a year. That got me thinking about the future!
Final Thoughts
After all this digging, I realized that copper is not just some metal. It is a big part of many industries. I guess that’s why it is one of the most valuable metals you can recycle. Anyway, that’s my little adventure into the world of copper prices. I am going to keep an eye on those prices and see where they go!
