Copper (Cu) is a chemical element that appears to be reddish in colour and has a face-centred cubic crystalline structure. It is found in nature in a free metallic state belonging to the Group 11 (Ib) of the periodic table. Copper is also an essential nutrient for animal and human health and can be derived from foods such as almonds, chocolate, beans, broccoli, peas, garlic, soybeans, seafood and whole wheat products.
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It has other significant properties like great ductility, excellent heat and electricity conductivity, being soft and also polishes to have a brighter finish. Its respective melting and boiling points are 1,083 °C and 2,567 °C.
Key Details About the Copper Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Copper price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The Copper Price chart, including India Copper price, USA Copper price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Copper Price Trend:
Copper is mostly employed for making electrical equipment; in roofing and plumbing for construction applications; commercial machinery etc., which drives its market demand. Furthermore, it serves as an excellent choice for electric wiring due to it being easy to work with and being drawn to a wire that offers great conductivity. Its sulfate is extensively used as an agricultural poison and as an algicide for purifying water. Also, it helps manufacture a wide array of products, including cans, cooking foil, and saucepans, along with industrial equipment like planes, electricity cables, and space vehicles.
Key Players:
- Umicore N.V
- American Elements
- MMC Norilsk Nickel PJSC
- Korea Zinc Co., Ltd.
- Jinchuan Group International Resources Co. Ltd
- Glencore plc
- The Doe Run Resources Corporation
- Codelco Mining company
- Freeport-McMoRan Inc.
- Broken Hill Proprietary (BHP)Group Limited
- Rio Tinto plc
News & Recent Development
- 5 June 2023- Copper regained strength in the market as China started manufacturing activities again, settling at 716.1, higher by 0.03%.
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Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.
We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.
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