Market Updates

COPPER

This chart indicates futures only. Click here for a daily COMEX chart.

Since July 1, copper prices have surged from $5.10 to $5.61, following a June average of $4.877. This sharp increase is largely driven by the U.S. announcement of a 50% tariff on copper imports, set to take effect August 1, prompting preemptive stockpiling by domestic buyers. Van Meter is ready to help you navigate your secured and upcoming copper projects.

ALUMINUM

Aluminum saw a significant price increase of 15–20% last month, and the market appears to be holding at these higher levels. All wire manufacturers have followed suit with similar increases. This surge is driven by a combination of rising metal costs, growing global demand and the anticipation of impending tariffs.

STEEL

The overall cost of steel has risen over the past several months, with manufacturers implementing a 5–8% price increase last month that has held steady in the market. Van Meter supports 100% American-made steel, so while tariffs won’t directly affect our supplier, they are likely to influence the broader market.

Steel and Market Update - 6/16/25

July 10, 2025

Key Takeaways

President Trump's announcement of a 50% tariff on copper imports has driven copper prices to record highs. While the full impact of impending tariffs and extended deadlines on the broader metals market remains uncertain, staying informed and proactive will be key to navigating the evolving landscape. As summer sets in and product demand continues to rise, it's essential to stay in close contact with your sales team to ensure product availability, avoid potential delays and receive tailored solutions to support your upcoming projects.

Heather McDonald, Van Meter Inc.
Heather McDonald
Commodities Project Specialist
Van Meter Inc.

LEAD TIMES
Medium Voltage Cable - 35kv  50+ Weeks
Medium Voltage Cable - 15kv  24-30 weeks
Armored Cables Potentially up to 50+Weeks
Tray Cable Lead times dependent on sizing and total footage needed
PVC 20’s and 4” and larger, plan for 2-3 weeks on large quantities

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