Copper spots prices have jumped more than 1,200% since they started trading on Monday, and now are trading for a price of $1.2200 per pound.
Copper spots are used in the production of copper ingots and ingots for the manufacture of copper copper plates and other ceramic products.
They are also used to make copper plates for glass and ceramics.
The price of copper spot has been volatile since the beginning of the year.
Copper spot prices jumped by more than 600% in early May, but fell by nearly 80% in the following two months.
On Wednesday, the spot price of a pound of copper was trading for $1.,201.95 at 11:49 p.m.
ET, a gain of more than $3,000 per ounce.
The spot price had fallen by more.
Coppers spot price has risen over the last week, and reached $1K per pound on Wednesday, up more than 50% since the previous trading session, according to data from CoinDesk.