At record levels the price of copperunder the burden of Donald Trump’s threats for the intensity of the trade war, enhancing worry about the world industry, which is directly or indirectly dependent on the metal.
Yesterday (10.07.2025), the price of copper reached $ 5.56 per pound on the American COMEX Stock Exchange, recording an increase of more than 23% in less than a month and creating a gap of more than one dollar with the price in London (LME), where copper negotiated at about $ 4.35 per l.
This rally is fueled by both fears of new duties, as well as intense investment activity and reduced market supply.
For Greece, which does not have a developed domestic copper mining, prices rise increases the cost of importing raw materials.
However, circles of the domestic industry estimate that there will be no impact on international turmoil on Greek businesses and their profitability.
It is noteworthy that the only useful copper deposit in Greece is located in Skouries, Halkidiki, but is still in the preparation phase to use it, and with a expected production of up to 281,000 tonnes.
Consequently, Greece is currently based almost entirely on imports to meet its needs.
The increase in use of copper scrap – that is, recycled copper – instead of the first fortune is the main pursuit of industries, in the context of a more viable and environmentally friendly production process.
In 2024, the value of copper imports as a raw material exceeded $ 1.24 billion, according to official data. However, its “pinched” price in 2025 de facto leads to a burden on the domestic industry, especially in sectors such as electrical materials, wiring and energy infrastructure, although if they do not have raw copper stocks, or if they have not secured access to constant prices.
Of course, the other side of the coin is that the country has strong exports to copper processing products, such as cables and wires, reaching $ 1.01 billion in export value in 2024. The rally at the international copper prices potentially can lead to the expansion of the margins of our export companies if the above conditions apply.