HAVE YOU BEEN WATCHING THE NEWS LATELY? If you’re like me, you’ve gotten sick of watching bad news regarding the COVID-19 outbreak, mass shootings and other depressing events that seem to be regularly occurring in our world.
There are two pieces of bad news that will directly affect low-voltage installation contractors. The price of copper was about $2.10 per pound back in March 2020 as the COVID-19 crisis started to crest. In May 2021, the price of copper surpassed its all-time high, totaling $4.75 per pound. As you can imagine, with the more than doubling of copper costs, the prices of all types of cables from coax to UTP and others will be raised as manufacturers attempt to retain profitability in their cable sales.