Since the start of the year, the monetary value of copper has been on the rise, reach new high in Holocene calendar month. In March, the LME copper future monetary value excel $ 9,000 / short ton, marker an 11-calendar month high. By the end of April, it exceed $ 10,000, and on May 21, it hit $ 11,104.5 / short ton, setting new historical record. Currently, the LME copper future monetary value is fluctuate around $ 10,000.
Due to the rush in copper monetary value, the fabrication costs of switch, a key raw material, have increase significantly. This rise in costs has put option huge pressure on switch manufacturer. In response to this challenge, the company has decide to raise monetary value on all switch series by 10 % to 20 % to beginning the increase fabrication costs. The monetary value adjustment is schedule to return consequence at 18:00 on July twenty-second, 2024.
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