It’s been another good period for copper prices in the first half of 2015, with the cost of copper continuing to remain relatively low – especially when compared with the prices of many other metals.
The likelihood is that this is a main contributing factor to the recent surge in manufacturers turning to precision cold forming. It is, however, not the only reason. More and more businesses are coming to terms with the many benefits of the process, much to our delight and theirs.
Take, for example, the fact that it is a process that creates minimal waste compared with most other component producing machining techniques (read our guide to reducing waste for more information). This further boosts the cost efficiency of the process, whilst faster lead times, better surface finish and improved mechanical characteristics, enable enhanced component quality and customer satisfaction.
Although it’s difficult to predict the prices of metals due to there being so many influencing factors and variables causing peaks and troughs in costs, thanks to the current steady price of copper – as well as the other aforementioned benefits – it’s a great time to invest in precision cold forming.
Download our guide to precision cold forming today to learn more about the process and its benefits.