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AMTEK TECHNOLOGY updates current situation for Copper price trend

New Taipei City, Taiwan (2024.03.20) –

Amtek Technology is closely monitoring the situation of material cost.
Hereby please be notified that the copper price trend is predicted to keep upside.
FYI, the copper price is US$8,870.81 per ton on Mar. 19th , 2024, according to Goldman Sachs prediction,
the copper price might increase to US$10,000 in 2024.

 

Please note that almost all connectors and cable assembly will be used copper as material and it depends on
product types and structures for implementing price adjustments. For the parts which have been increased
price in these couples of months, the cost might be adjusted and renewed once again according to the actual
material cost trend.

 

Amtek is still communicating and negotiating with suppliers for getting appropriate prices.
Therefore, Amtek kindly reminds our global customers to proceed your orders as soon as possible. We
recommend customers to prepare and keep some stocks in advance, so that you can get the reasonable
quotations. If possible, kindly check the new prices before issue the orders, otherwise Amtek might renew
the prices before send out the sales confirmation.


 

About AMTEK TECHNOLOGY

Amtek Technology Co., LTD. was established in 1997 in Taipei, Taiwan led by CEO Charlo Chu. With rapidly service and excellent product quality and performance, Amtek has developed a leading company in Worldwide Electronics Market by only 24 years. Our main products include connectors, cable assemblies, terminal blocks, RF connectors and cabling which can be applied in smart phone, laptop, monitor, TV, STB and etc. Most importantly, Amtek also provides customized services to meet customers’ various requirements. Currently, Amtek owns 250 employees and five factories in Taiwan and China. Our ultimate goal is making EVERYWHERE AMTEK!