Market Updates

COPPER

This chart indicates futures only. Click here for a daily COMEX chart.

Supply and demand for copper are both holding strong, but the real story lately has been the price swings. Since May, copper has bounced between $4.92 and $4.44, with plenty of ups and downs in between. These shifts are being driven more by market uncertainty than the usual supply and demand factors. If you’ve got copper projects coming up—or already in motion—Van Meter is here to help you navigate the landscape and keep things on track.

ALUMINUM

Aluminum has seen a pretty sharp jump lately—it's now trading at $1.75, compared to May’s average of $1.48. On top of that, all manufacturers have implemented 15-20% increases in wire pricing. These hikes are being driven by a mix of rising metal costs, growing global demand, and the looming impact of tariffs.

STEEL

Overall, the cost of steel has increased over the last several months. In addition, manufacturers have announced a 5-8% increase in the next coming weeks. Van Meter remains committed to sourcing 100% American-made steel, which means recent tariffs will not directly affect our supplier. However, these tariffs are expected to influence the broader market, potentially impacting overall steel costs.

June 12, 2025

Key Takeaways

Aluminum and steel prices are climbing, and with summer in full swing, demand for products is heating up too. It’s a good time to stay in close contact with your sales team to make sure you’ve got what you need when you need it. The metal markets are still pretty unpredictable, thanks to ongoing geopolitical uncertainty, and now we’re also seeing the early effects of potential tariffs on aluminum and steel. If you’ve got upcoming projects, don’t hesitate to reach out to your sales team—they’re here to help you find the best solutions.

Heather McDonald, Van Meter Inc.
Heather McDonald
Commodities Project Specialist
Van Meter Inc.

LEAD TIMES
Medium Voltage Cable - 35kv  50+ Weeks
Medium Voltage Cable - 15kv  24-30 weeks
Armored Cables Potentially up to 50+Weeks
Tray Cable Lead times dependent on sizing and total footage needed
PVC 20’s and 4” and larger, plan for 2-3 weeks on large quantities

Three Southwire/MAXIS STAPLES Tried and True SIMPull Solutions

In the world of electrical work, IT comes down to solutions that save time and make your work more efficient. This month we are featuring three products that have IT

Southwire SLIDEit

This tool revolutionizes cable pulling — protecting rope and cable while reducing handling. It sets up quickly with embedded magnets and works great for most cable pulling jobs. A smart, reliable upgrade from cardboard and duct tape.

Product Details

Southwire GUIDEit

Ideal for circuit panels and junction boxes, this wire router offers hands-free wire feeding with a universal adapter. It routes wire in enclosures up to 18 inches, minimizes damage and reduces the need for routing into raceways or conduit.

Product Details

Southwire GRIPit

The reusable pulling head is designed for #14AWG to #10AWG solid or stranded conductors. It lets you attach up to 7 wires per SIMpull™ pulling head and easily connects to fish tape, string, or rope—no stripping or taping required. 

Product Details

Wire and Cable Solutions

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