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  1. #1
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    Copper Going Up in Price

    For several weeks, I have been watching the price of #6 copper wire. This week at HD, it jumped from $0.54 a foot, to $0.67 a foot. This amounts to almost 25% price increase. Electrical guy said it would probably be going up more. Other sizes also went up also. FYI

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    Re: Copper Going Up in Price

    Well, I for one am not disappointed with this. I have several hundred pounds of #3/0 and 250MCM leftover from the shop project, and I've been thinking about selling it to a scrap dealer in order to clear our space in the barn.

    Hopefully scrap is mirroring the resale prices...

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    Re: Copper Going Up in Price

    If things elsewhere in the state are like they are here, those of you building homes better place an armed guard on 'em until they are occupied!!

    Go
    Practicing at practical woodworking

  4. #4
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    Re: Copper Going Up in Price

    I sold some scrap copper about 2 months ago. At that time #2 grade scrap copper was selling a little over $2.00 a lb.

    The laws have change about selling scrap copper. They now pay you with a check instead of cash, make a copy of your driver's license and depending on the type of scrap copper they take a thumb print. When did copper become a precious metal?

    Rick Doby

  5. #5
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    Re: Copper Going Up in Price

    Quote Originally Posted by rbdoby View Post
    I sold some scrap copper about 2 months ago. At that time #2 grade scrap copper was selling a little over $2.00 a lb.

    The laws have change about selling scrap copper. They now pay you with a check instead of cash, make a copy of your driver's license and depending on the type of scrap copper they take a thumb print. When did copper become a precious metal?

    Rick Doby
    When people started resorting to stealing HVAC lines and plumbing. There were stories in the press last year of people calling the HVAC companies because their units were not working. Turned out someone had stolen the copper lines right out of the units.

  6. #6
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    Re: Copper Going Up in Price

    Supply and demand coupled with a possible strike. Last time the miners went on strike, copper more than doubled overnight at the big box. I only bought 'enough' instead of what I thought I ought to and the next day when I went back I almost passed out. I omitted some outlets with the option to install later when things calmed down and managed with what I had.
    Copper guttering was stolen off a local church when the last price spike happened. Two idiots cut down a light pole with a chainsaw to get the transformer and wire off it. Fortunately a PD officer heard the chainsaw at 2 am and investigated before the idiots found the power was still on. Um....... does ANYONE here think this is a reasonable or good idea?? The criminal mind never ceases to amaze and distress me. I'm convinced people will steal anything from anyone.

  7. #7
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    Re: Copper Going Up in Price

    Wow, I'm glad I bought all my wire already. The jump for #12 wouldn't be that big of course, but when you buy 3000ft, every increase matters!
    Bas.
    "I don't need it. I just want it."
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    Re: Copper Going Up in Price

    Hold off on selling any metals, they will continue to rise in value. Any precious metals and copper. The copper might be worth selling soon, its at $3.12, it will probably go to $3.25 shortly.

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    Re: Copper Going Up in Price

    Quote Originally Posted by Gofor View Post
    If things elsewhere in the state are like they are here, those of you building homes better place an armed guard on 'em until they are occupied!!

    Go
    I agree - but you better be watching after you occupy the dwelling - we had an electrician working on one of our jobs that had to stop and go rewire an occupied dwelling because all of the wiring got ripped out while they where away from the home -
    What happen to the days when we where satisfied with what we had and really didn't care if we had what we didn't -

  10. #10
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    Re: Copper Going Up in Price



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    Re: Copper Going Up in Price

    Quote Originally Posted by Cltwoodman View Post
    Hold off on selling any metals, they will continue to rise in value. Any precious metals and copper. The copper might be worth selling soon, its at $3.12, it will probably go to $3.25 shortly.

    Thanks for the advice. Any idea how long to wait?

    Scott

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    Re: Copper Going Up in Price

    Quote Originally Posted by CaptnA View Post
    Two idiots cut down a light pole with a chainsaw to get the transformer and wire off it. Fortunately a PD officer heard the chainsaw at 2 am and investigated before the idiots found the power was still on. Um....... does ANYONE here think this is a reasonable or good idea?? The criminal mind never ceases to amaze and distress me. I'm convinced people will steal anything from anyone.
    When I worked for the power company in NJ (PSE&G) this was not uncommon. Every two or three years the lineman were called out to a transformer problem and when they got there they found electrocuted bodies or pieces of bodies (arms) hanging from the transformer. Depending on the size of the feeding transformer, bodies could get burnt to a crisp literally. Criminals are not the brightest people on earth.
    Jimmy

    "Twenty years from now you will be more disappointed by the things that you didn't do than by the ones you did" - Mark Twain

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  13. #13
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    Re: Copper Going Up in Price

    The higher prices climb on the big boys like gold and platinum, the more attractive the lesser metals like copper, aluminum, and silver become. With gold pretty much out of reach of the average investor already, I look for an increase in demand for silver. The deeper the economy goes into the sewer the more people look for some sort of hedge to protect against total collapse.

    Copper is/was readily available due to its wide use in many applications and that makes it attractive to thieves.

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