Copper and Aluminum Price Surges Drive Up Household Appliance Costs
5 hours agoBusiness
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1 SourcesNew Delhi, India
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Copper and Aluminum Price Surges Drive Up Household Appliance Costs

Prices for industrial metals like copper and aluminum have significantly increased due to supply constraints and strong demand, pushing costs for household appliances. Aluminum surpassed $3,000 per tonne, and copper neared all-time highs, impacting goods such as air conditioners and cookware. Manufacturers are considering 5-8% price hikes to offset rising input costs, with brass also seeing double-digit increases. Supply issues stem from Chinese capacity caps, European output reductions, and disruptions in Indonesia, Chile, and the Democratic Republic of Congo.

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