Copper Price OutlookCopper prices fell below the symbolic USD-6,000-per-metric-ton mark in late December, weighed upon by a slowdown in the Chinese economy. On 11 January, the red metal closed the day at USD 5,920 per metric ton, which was down 4.1% from the same day last month. In addition, the price of copper was 0.5% lower on a year-to-date basis and was down 16.7% from the same day in 2018. After losing some ground in December, copper prices dropped to a one-and-a-half year low at the start of the year amid reduced demand from China’s industrial sector. Year-end data suggested that producers slashed new orders for copper and other base-raw materials, anticipating reduced appetite for Chinese exports. However, prices recovered somewhat on 9 January, against the backdrop of revitalized optimism over encouraging U.S.–China trade talks and the dollar hitting a three-month low following increasing dovishness within the Federal Reserve.
Copper Price History Data (USD per metric ton, aop)
Price forecasts and historical data for Energy, Metals and Agricultural Commodities.
Copper Historical Price Chart
Price forecasts and historical data for Energy, Metals and Agricultural Commodities
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