[Featured Stock] KBI Metal Hits 52-Week High... Benefits Highlighted from Rising Copper Prices

KBI Metal is showing strong performance. This is interpreted as a positive effect from the recent sharp rise in copper prices.

As of 10:49 AM on the 19th, KBI Metal is trading at 2,255 KRW, up 12.19% (245 KRW) compared to the previous day. It reached a high of 2,495 KRW early in the session. This surpassed the 52-week high of 2,370 KRW recorded on the 16th.

KBI Metal is a company engaged mainly in wire material business for electric wires and automotive electronic components business. Recently, copper prices have surged sharply, causing wire-related stocks to stir. Copper prices soared to the highest level in 22 months on the London Metal Exchange, and on the 17th, May delivery copper prices on the New York Mercantile Exchange (COMEX) reached $4.3635 per pound during the session, rising 5.57% within a month. This is due to the rapid increase in copper demand in industries such as artificial intelligence (AI), electric vehicles, and power facilities.

KBI Metal’s main product is copper wire for electric wires. Sales are generated from communication wires and power lines, among others.