Copper Price OutlookCopper prices fell steadily for six weeks until mid-July, then regained some lost ground in the last week of the month. On 3 August the spot price was USD 6,178 per metric ton. The price was down 4.8% from the same day last month, and was 14.3% lower on a year-to-date basis. However, it was down 2.3% from the same day in 2017. Prices dropped to a year-to-date-low in mid-July, largely on the back of escalating global trade tensions and growing concerns of an economic slowdown in China, the world’s largest consumer of copper. Nevertheless, copper prices rebounded somewhat in the weeks since, aided by growing concerns that Chile’s Escondida copper mine, the world’s largest, would be crippled by industrial action. Prices were also supported by the announced agreement between Washington and Brussels at the end of July to work toward a zero-tariffs policy framework, which has alleviated some of the European industrial sector’s fears, boding well for copper demand.
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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