Prices of copper, gold and other metals have gone up like crazy: PCs and mobile phones have had to increase prices, and storage and other manufacturers have taken the lead in adjusting prices.

News on May 4th, the price of technology products is rising, mainly due to the soaring cost of precious metals and other raw materials used in the manufacturing process of electronic products.

The report shows that the price of copper has increased from about US$5,000 per metric ton in 2020 to US$8,300 now. Since nearly all electronic devices use copper wire, soaring copper prices are bound to impact consumers.

Rising copper prices have affected some suppliers. Several Chinese semiconductor companies have recently notified customers that they will immediately raise prices by 10%-20% to cope with rising material prices.

Not just copper. For manufacturers, the procurement cost of precious metals such as gold is also becoming higher and higher.

Prior to this, some storage companies have clearly informed users that their products will increase in price, including Western Digital, Seagate, etc.

Although the previous price increase forecast may not be directly related to the metal shortage, the rising component costs caused by material inflation means that PC, mobile phone and other manufacturers will be in a dilemma.

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