Copper prices are “driving” up, according to Jim Williams at the Electrical Distributor magazine. Copper has been in high demand recently due in part because of the anticipated demand for electric cars, which depend heavily on copper.
In addition to electric car production, pollution regulations in China are creating a positive outlook for copper, as is continued economic growth here in the states. Read more over at tED.
What does this mean for Copper Tube and other copper products?
Copper multipliers were raised 2.5% on Monday, and if you purchased before close-of-business on Monday you bought at the lower price levels. We sent out an increase alert to our customers, and if you’d like to receive price increase alerts in order to place orders before increases, please contact your United Pipe representative for info. View our copper products here, and see our current list price sheets here.
As always, we recommend you continue to use our services as a weekly pipe distributor to lessen the risk associated with these volatile commodity products. Please call us with your Copper, PVC, Steel pipe and Electrical conduit needs at 1-800-777-7473.
#Copper Prices Drive Higher https://t.co/IeS4GyWRLu @jwilli12 pic.twitter.com/HgnjyLrHmD
— tED magazine (@tEDmagazine) November 7, 2017