As the world continues to recover from a global economic downturn, the wire and cable industry continues to recover as well. For the next several years, production of copper products is expected to grow at over 4% a year, according to CRU Group. With the increase in copper production, prices will remain steady until 2013, when a surplus is expected. However, even though a brief surplus is anticipated, growing demand from developing countries such as China will even out the surplus and cause prices to increase.
In a more immediate look at copper, prices hit a five month low in early May. The price of a pound peaked in February at $4.62 and is now sitting around $3.86. Despite volatility in raw materials, The Mueller Group continues to work closely with its suppliers to provide the best products at competitive prices to our customers.To read the full article, “Copper surplus to pressure prices in 2013 – CRU” referenced in this posting, please click here.