Did you know that copper is the main raw material that makes up an extension cord? There are almost 7 pounds of copper in a 100-foot extension cord!
Just a few months ago, copper prices reached an almost ten-year high. To put this in perspective, the price of raw copper costs have gone from less than $2.50 per pound to more than $4.00 per pound in just the past year.
Experts have speculated that demand for copper increased as a result of China and the United State’s economy reopening as well as recent investments in improving US infrastructure.
Jeff Currie, Goldman Sachs head of Commodities Research stated on the increase in copper prices: “Copper is the single best- conductor of electricity… if we’re going to electrify the world and de-carbonize, we absolutely need copper to do it.”
As copper prices rise, extension cord pricing is directly impacted.
Fourman Industries predicts that the demand for copper will continue to stay high for the foreseeable future and therefore the cost of extension cords will remain high.
How To Save Money On Extension Cords
To get the most out of any extension cord purchase and help keep overall costs down, the best option is to purchase high quality extension cords.
When it comes to heavy-duty projects, we suggest buying single-end extension cords rather than triple-tap ends. On triple-tap ends, the stress collars (plug connection point) are put under greater stress, therefore depreciating the quality of the extension cord.
When needed, you can add a triple tap (or our unique quad tap) adapter plug with a cord locker feature when you want to add additional tools.
When it’s time for restocking your heavy-duty extension cords, don’t hesitate to contact us. We may have items on sale or a discount code available to lower your overall costs.
Ready to order? Use coupon code “B7” for a 7% discount on your purchase.
Stay tuned for more information on extension cords and new products!
