Have you always desired copper accents for your home, but thought you couldn’t afford it? Good news, copper costs may not be as high as you may have imagined.
The price of copper as a raw material has significantly fallen recently due to oversupply and tumbling demand in China, which is its biggest consumer market. Back in July, copper fell to a six-year low and has sunk by about 22% so far this year. Copper is among the list of a few commodities that are quickly falling in recent years including aluminum, gold, oil, platinum, and iron ore.
Although copper is beautiful and a great accent to your home and/or other items it’s paired with, it is also key to many necessary infrastructures like phone lines, cables transportation, engineering, machinery and equipment, and electrical, automotive, computer and building supplies. Just a couple of years ago copper was a common target for thieves, often being stolen from warehouses and people’s properties.
Overproduction is the main reason for coppers recent decline, as mining supplies are growing at a faster rate than demand, and have been since about 2013.
So if you have always dreamed about accenting your home with copper but fear the cost of the bill, now may be the perfect time to inquire. You might just be surprised by the fact that copper may be within your budget!
Copper gutters can be a great accent to any home, particularly historic, brick, stone, stucco, wood, and slate backgrounds. Not only do they look beautiful, but they last extremely long, forming a patina overtime that not only protects against the elements, but creates a desirable antique look. Properly maintained copper gutter systems can last up to 150 years.