New Delhi, Jan. 14 -- The price of copper-crucial for wiring, coils and cables-has surged nearly 60% over the past year, pushing up costs across appliances, electric vehicles and power infrastructure.

Domestic copper futures on the Multi-Commodity Exchange (MCX) were trading at Rs.1,281 per kg on 9 January. According to Motilal Oswal Wealth Management, global copper prices climbed to nearly $13,000 per tonne in 2025.

The surge has been driven by global supply tightness, strong investor demand, rapid adoption of electric vehicles, renewables, rising demand from power grids and the expansion of data centres. As manufacturers pass on higher input costs, consumers are likely to face costlier air conditioners and cooling appliances ahead of ...