In April, copper prices rose 0.6% over the previous month to USD 3.87 per pound (equivalent to USD 8,530 per tonne), contrasting the 1.2% drop in March, which had marked the only monthly drop so far this year. The price increase came in amid rising concerns over tight supply due to decreasing stocks. In spite of the monthly rise, copper prices are still 9.0% below the value observed in the same month last year, slightly up from the 9.8% annual drop recorded in March. The annual decline marked the eight consecutive negative reading, as dim global growth prospects dampen demand for copper. The Chilean Copper Commission (Cochilco) expects copper prices to average USD 3.84 per pound this year, amid expectations of a mild recession in the Eurozone as well as a soft landing of the Chinese economy.
Copper prices pick-up slightly in April
May 1, 2012
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Chile Economic News
October 12, 2016
In September, the Adimark GfK consumer confidence index (IPEC, Índice de Percepción de la Economía) rose slightly, inching up from August’s record-low of 31.5 points to 33.4 points.
October 7, 2016
In September, consumer prices rose 0.2% over the previous month, which came in above August’s flat reading.
October 6, 2016
In Q3, the mood among Chilean businesses improved and reached the highest level in a year.
October 5, 2016
For a third consecutive month, the mood among Chilean businesses improved in September after it had fallen to the lowest level in over seven years in June.
October 5, 2016
In August, economic activity rose 2.5% over the same month last year, according to the monthly indicator for economic activity (IMACEC).