Product
Copper Nuggets Price Trend and Forecast
Copper Nuggets Price Trend and Forecast
Copper Nuggets Regional Price Overview
Get the latest insights on price movement and trend analysis of Copper Nuggets in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Copper Nuggets Price Trend for the Q1 of 2024
| Product | Category | Region | Price | Time Period |
| Copper Nuggets | Energy, Metals and Minerals | India | 8748 USD/MT to 8982 USD/MT | Q1’24 |
Stay updated with the latest Copper Nuggets prices, historical data, and tailored regional analysis
In the first quarter of 2024, copper nuggets experienced a significant price surge, driven by strong long-term demand prospects and tightening supply conditions, raising concerns about potential shortages amid the market players. The metal's critical role in global electrification and its growing application in AI and automation infrastructure also supported positive inclination in its demand, enhancing investor confidence.
Copper Nuggets Price Chart
Please Login or Subscribe to Access the Copper Nuggets Price Chart Data
Additionally, China's persistent importation of ore inputs despite high prices highlighted continuous demand from manufacturers, further straining the supply chain. However, limited material availability negatively impacted Chinese smelters' margins, potentially leading to a notable reduction in output for the year. Further, high costs associated with developing new mines led major miners to pursue mergers and acquisitions, illustrated by BHP's recent attempt to acquire Anglo American. This trend reflects industry consolidation in response to changing market dynamics.
Concurrently, China's current account surplus saw a significant reduction, influenced by industrial advancements that created new trade growth opportunities. Overall, the copper nuggets market saw renewed buying interest, with an increase in open interest and rising prices. In India, too, the quarterly average of copper nugget prices rose from around 8748 USD/MT to 8982 USD/MT during the first quarter. The upward movement reflects the global crunch in the production of copper along with the rapid loss of the nation's inventories.
Analyst Insight
According to Procurement Resource, the price of Copper Nuggets is expected to move northwards under the limited supply and excessive demand from the downstream industries amid its expanding role in several key sectors.
Procurement Resource provides latest prices of Copper Nuggets. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
About Copper Nuggets
Copper nuggets are small, solid pieces of unrefined copper, typically found in their natural state or produced through smelting processes. They exhibit a distinctive reddish-brown color, attributed to copper's characteristic color. These nuggets have a high thermal and electrical conductivity, making them invaluable in electrical applications. They are malleable and ductile, allowing them to be easily shaped and molded without breaking.
Copper nuggets possess significant corrosion resistance, which enhances their durability in various environments. They are commonly used in the production of electrical wiring, plumbing components, and various industrial machinery. Additionally, copper's antimicrobial properties make these nuggets suitable for applications in healthcare and sanitation. Their versatility and essential properties underscore their critical role in numerous industrial and technological applications.
Copper Nuggets Product Details
| Report Features | Details |
| Product Name | Copper Nuggets |
| HS Code | 74031900 |
| Industrial Uses | Electricals, Machinery Production, Medical Equipment, Alloys |
| Supplier Database | BHP, Glencore, Hindalco Industries, Madhav Copper Ltd, Codelco |
| Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Copper Nuggets Production Process
- Copper Nuggets Production via a metal casting process: In this simple process, the copper metal is first cast and is then forged in small shapes of nuggets differing in size in accordance with the specific requirements. These pieces are then washed and fabricated to finally give copper nuggets.
Methodology
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
Assistance from Experts
Procurement Resource is a one-stop solution for businesses aiming at the best industry insights and market evaluation in the arena of procurement. Our team of market leaders covers all the facets of procurement strategies with its holistic industry reports, extensive production cost and pre-feasibility insights, and price trends dynamics impacting the cost trajectories of the plethora of products encompassing various industries. With the best analysis of the market trends and comprehensive consulting in light of the best strategic footstep, Procurement Resource got all that it takes.
Client's Satisfaction
Procurement Resource has made a mark for itself in terms of its rigorous assistance to its clientele. Our experienced panel of experts leave no stone unturned in ensuring the expertise at every step of our clients' strategic procurement journey. Our prompt assistance, prudential analysis, and pragmatic tactics considering the best procurement move for industries are all that sets us apart. We at Procurement Resource value our clients, which our clients vouch for.
Assured Quality
Expertise, judiciousness, and expedience are the crucial aspects of our modus operandi at Procurement Resource. Quality is non-negotiable, and we don't compromise on that. Our best-in-class solutions, elaborative consulting substantiated by exhaustive evaluation, and fool-proof reports have led us to come this far, making us the ‘numero uno' in the domain of procurement. Be it exclusive qualitative research or assiduous quantitative research methodologies, our high quality of work is what our clients swear by.
Table Of Contents
Our Clients
Get in Touch With Us
UNITED STATES
Phone:+1 307 363 1045
INDIA
Phone: +91 1203185500
UNITED KINGDOM
Phone: +44 7537 171117
Email: sales@procurementresource.com