All Supply Chain Updates are authored by Kevin Reed OCTOBER 2022 MARKET WATCH Metals: Copper started September at $3.40 per pound, pretty much the same as it closed the month prior. There was a quick dip, once the Feds raised interest rates once more, but that proved to be short lived. CU has been […]
With strict new sanctions on Russia, some important facts that will affect our industry directly are outlined below. Combined, Russia and Ukraine lead the global production of metals such as nickel, copper, and iron. Neither country will be able to keep capacity if they are mired in war. With metals making up a large part […]
By Kevin Reed I have heard the term “Copper Crash” being thrown around, as in “What am I paying now, with the copper crash”. Copper, while a tad bit cheaper now, never crashed. Futures in May 2021 were the highest anyone has ever seen. At that time, CU climbed to its highest value per pound […]
All Supply Chain Updates are authored by Kevin Reed JULY 2021 SUPPLY CHAIN UPDATE Copper has continued its rebound in cost. As of this writing, it is currently trading at nearly $4.40 once more. But, the price of actual finished copper building wire never waned much. The material that goes into the jacket of the […]
Are you a commodity trader? Most people in the electrical industry would reply with a resounding “Nope” when asked this question. But if you buy building wire, load centers, conduit and pretty much most things used in our market, you sort of already are. The value of the material you own can fluctuate daily, and […]
