Rising Copper Prices: Industry Faces Mounting Cost Pressures Despite Recent Decline

Date:2024-05-31 04:41:32 click:303

Since copper prices broke through the historical high last week, although there has been a certain decline in recent prices, copper prices are still at a high level.

According to a UBS report, tensions in the physical market should continue to drive copper prices higher.

As the main raw material for air conditioners (condensers and evaporators) and electronic and electrical products, the continued rise in copper prices will cause huge cost pressure on the industry.