Copper’s Yearlong Rally Feeds Through to Homes, Phones and Cars
- Manufacturers start passing on input costs as commodities jump
- Copper caught in crosswinds as inflation fears roil markets
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In the face of surging copper prices, Carrier Global Corp. has a plan to contain costs: It’s hedging raw materials costs and then charging customers more for its heating, ventilation and air conditioning systems.
The Florida-based company’s strategy symbolizes the conundrum facing manufacturers as prices for commodities spike. With a path out of the pandemic in sight, corporate executives, economists and investors betting on a strong recovery face an acid test as producers try to shift the higher costs to consumers.