The booming industrial demand for some metals have triggered a price inflation that, although slow, is not expected to halt anytime soon. Metal manufacturers, big and small alike, have experienced growth in copper and brass sales over the last decade. Even scrap metal prices for these metals have risen so significantly.
While the increase in demand is considered the main trigger of this price upsurge, it’s what triggers the increase in demand that is really interesting to find out. Here are some of the most apparent drivers of metal price increase.
Indeed, for thousands of years, people around the world appreciated the great utility of copper. This attractive reddish-orange metal rose significantly in value after scientists discovered a few hundred years ago that copper conducts electricity better than practically any other known metal except silver.