Copper Price OutlookCopper prices trended higher in recent weeks following a near three-month-long period of decline through to the beginning of September. After hovering below the psychologically-important USD 6,000 mark in the first half of September, prices regained ground in the following weeks and, on 5 October, the spot price reached USD 6,167 per metric ton. The price was up 5.3% from the same day last month, although was 14.4% lower on a year-to-date basis and was down 7.4% from the same day in 2017. Copper prices have risen recently thanks to firming global demand for the metal as consumers recommitted to previously postponed purchases amid sustained robust economic growth in the world’s top economies. Crucially, China, the world’s largest consumer of copper, showed resilience in its pace of growth despite the introduction of new U.S. trade tariffs. Reflecting the positive development, Chinese imports of copper ores recovered after a weak summer, buoyed by healthy real estate activity. Meanwhile, growth in the U.S. remained robust, sending further reassurances to the base metals market, while a weaker U.S. dollar also aided copper prices.
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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