“Commodity price inflation to impact cost of LV electrical equipment”

A recovery in Asian demand and supply constraints in the global market has sparked an increase in price of commodities like copper, pushing manufacturers to increase cost of low-voltage electrical equipment, informed Schneider Electric India issuing a statement. It adds, “Electrical equipment such as circuit breakers, switching and control and metering products are used extensively in industrial, commercial and residential segments, with a significant chunk used in the power sector.”
Manufacturers have been under pressure to increase product cost due to a continued upward pressure on their input and manufacturing costs. According to Schneider Electric India, “Copper prices have been on the boil because of stoppages at the world’s two largest mines — a 43-day long workers’ strike at BHP Billiton’s Escondida mine in Chile and export licensing issues at Freeport-McMoRan’s Grasberg mine in Indonesia, impacting global product levels significantly. Simultaneously, there has been an uptick in demand for the red metal in China due to an ongoing infrastructure push.”

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