Price for 1 kg of Copper in 2023 - Copper Price

Price for 1 kg Copper

UAH243

    In 2023, the price of copper in Ukraine remains at a high level. The cost of 1 kg of copper at scrap metal collection points depends on various factors, such as supply and demand in global markets, economic conditions, and political risks.

    On the global markets, the price of copper remains high due to increasing demand for this metal. Copper is widely used in the production of electronics, electric vehicles, as well as in construction and many other industries. This leads to an increase in copper demand, which, in turn, drives up prices for this metal.

    Furthermore, economic conditions in Ukraine also influence the price of copper. For instance, inflation and fluctuations in the currency exchange rate can lead to an increase in the cost of copper in the domestic market.

    Political risks can also impact the price of copper in Ukraine. For example, the tightening of trade relations between Ukraine and other countries can result in a decrease in copper demand and, consequently, a decline in prices.

    Overall, in 2023, the price of 1 kg of copper in Ukraine is expected to be around 250-350 hryvnias per kg, assuming that global copper prices remain high. However, considering potential economic and political risks, copper prices may fluctuate depending on the changing factors affecting the market.

    Copper from scrap metal can be utilized in various industrial sectors. For instance, copper alloys can be used in the aviation and automotive industries for the production of engines, brake systems, radiators, and other components. Copper is also used in electronics manufacturing, including computers, mobile phones, televisions, and other devices.

    It is also employed in coin production, welding electrodes, pipelines for fluid and gas transportation, as well as in construction for the manufacturing of roofing materials, pipes, and other structural elements. Additionally, copper finds applications in medicine, including the production of instruments, implants, and pharmaceuticals.