Copper surges above $14,500 as supply squeeze deepens
The headline signals a tightening copper supply situation, implying reduced availability of the metal.
Source →The trace
How it reaches your house.
Starting from Copper Cathode (Plumbing Tube Grade), we walked the supply graph hop by hop to the goods you buy and the companies you own. Each step is the engine’s reasoning, scored for confidence and cited where a source backs it.
First impact
Copper cathodes (refined) →Prices riseCopper cathodes are a critical 0.95-strength input to wiring, so a supply squeeze most directly raises wiring input costs.
96% confidenceCopper Cathode (Plumbing Tube Grade) →Prices riseThis is a critical downstream good with high dependency on copper inputs, so tighter cathode availability should pass through into higher prices.
94% confidenceCopper Cathode (Plumbing Tube Grade) →Prices riseWith a 57% listed share, low substitutability, and an 18-month replacement window, the copper cathode squeeze should materially raise Mueller's input costs.
Hop 2
Mueller Industries, Inc. →Prices riseACR Copper Tubing (refrigerant-grade)
Copper cathode scarcity directly lifts the cost of copper tubing, and its 45% share with low substitutability makes the pass-through large.
94% confidenceFreeport-McMoRan →Prices riseMitsubishi Materials Corporation (MMC)
MMC is a disclosed FCX customer accounting for 17% of consolidated revenue, so a deeper copper supply squeeze can pass through as higher cathode prices to this customer.
90% confidenceCopper and electrical wiring →Prices rise
Where it lands
What you buy, and what you own.
Goods you buy
Copper and electrical wiring · Plumbing pipes and fittings
In the MyPRIA app, this is checked against your own holdings.