Not the same day sure, but I'd the market crashes then its reasonable to expect it to drop at some point.

Oh, I absolutely agree. I'm only saying that we haven't even stopped going up yet, and we won't for some time.

No demand is relevant for price is just that right now the demand is 400% of supply so a decrease in demand doesn't make much of a dent when they've just bought up the whole supply for a year. It will affect things in 2028.

With unstable supply/demand ratios, prices are quick to rise and slow to fall.

Prices can go up very easily as vendors charge more due to real or perceived scarcity and others raise their prices to match because they want to increase their profits.

Prices only go down when one company tries to undercut its competitors, though. And, of course, they only undercut their competitor's price by a little, because they still want to make as much profits as possible. This will hopefully result in a back-and-forth competition of trying to undercut one another and steal market share from the other by offering a lower (but still profitable) price. But unless the market is extremely volatile and liquid, this back-and-forth takes time, leaving consumers to wait while the next company contemplates its next price cut.

And that's the optimistic scenario, assuming there's no oligopoly and no price collusion. If either of those are in play (and they often are), then prices will only go down if a new competitor enters the market.

Copper stock prices were about 40 USD around Jan 2025 and peaked at almost 100 USD around Jan 2026, so there could be something to it. The price is now about 70 USD

A complex in Saudi Arabia that's makes like all the resin for PCBs got blowed up a while back so everyone is starting to be affected by it now