The domestic wire industry is bracing for a surge in copper prices due to US tariffs, but expects the impact to be minimal due to the ‘escalation clause’ in contracts that adjusts the amount in line with raw material price changes. This prediction follows a report by Citigroup that international copper prices could rise to $10,000 per ton within the next three months due to a shortage of raw materials outside the US. Despite the potential burden of rising copper prices, the escalation clause could lead to increased sales for wire companies as the price increase is reflected in the contract amount.
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Auto-posted at: 2025-03-14 10:57:41