What are copper and precious metal (Au, Pd, Ag) adders?
Due to the fluctuations in the copper and precious metal markets, NSP has devised a way to keep our base quotes to our customers the same and adjust for the copper and precious metal market at the time of shipment. This allows our customers to keep the same quote on file and also gives them a method for estimating the final cost based on current market conditions. The base price reflects the market price of copper or the specific precious metal used in calculating the quoted price per thousand. The adder is the multiplier by which the difference in the base price and the market price is multiplied. The resulting number is the increase or decrease in price per thousand. For instance, if the gold base price on the quote is $300, the market price on the day of the shipment is $945, and the adder is .0053 then: Gold Adder = ($945 – $300) x .0053 = $3.41 / K The $3.41 would then be added to the price per thousand resulting in the final invoice price. This process would also be repeated for
