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Thread: Investing in Copper (or other similar items)

  1. #1
    Master
    Join Date
    Jan 2018
    Location
    England
    Posts
    1,706

    Investing in Copper (or other similar items)

    The business I work in, means we need to be mindful of commodity prices.

    Recently the business has been considering investing in copper or similar raw materials (i.e. hedging) to limit price variance in future.

    Maybe the thread title is misleading, this is not investing, more hedging. But works similar to any other investment, hedge now and it could go south and cost you!

    Copper prices are through the roof recently. Any views one way or other?

  2. #2
    Craftsman
    Join Date
    Jun 2017
    Location
    Uk
    Posts
    811
    Every now and again metals enter a super cycle and trust me this time is one of them.
    Copper is going crazy and only going up.
    Electrification of vehicles and the infrastructure that's required is only going to make it go one way.
    After Covid countries are investing in infrastructure and again this is why steel price is through the roof.
    If you are in this game it's win win for the foreseeable future.

  3. #3
    Grand Master
    Join Date
    Jul 2007
    Location
    Wakefield, West Yorkshire
    Posts
    20,049
    Maybe I should’ve kept the scrap electric cable I threw in a skip after rewiring my garage recently.

  4. #4
    Craftsman
    Join Date
    Nov 2013
    Location
    Leeds England
    Posts
    488
    I think we got approx £5,300 a tonne for our brazier copper a few weeks ago.
    Brass was approx £3,300 a tonne.

  5. #5

  6. #6
    Master Lammylee's Avatar
    Join Date
    Sep 2012
    Location
    Manchester
    Posts
    2,496
    I recently got £80 for an old copper water tank that was in the loft, more than I was expecting.

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