Copper Continues to Surge, Placing Price Pressure on Connectors Moving Forward

May 23, 2024 1:35:20 PM / by Supplyframe

Copper pricing exceeded $10,000 per metric ton the last of April and has climbed even higher through mid-May on fears of short supply and as Chinese smelters cut production. In a recent Commodity IQ snap poll, all respondents indicated that they review copper pricing at least quarterly to gauge impacts on connector pricing. While the Commodity IQ Price Index for connectors dropped by 1% compounded annually through April, sequentially in Q1, the index inflated by 34%.

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