Chile: Copper prices continue downward spiral in July
August 1, 2015
In July, copper prices fell 6.5% over the previous month to an average of USD 2.48 per pound (equivalent to USD 5,457 per tonne), which represented a second monthly decrease, but was a slightly softer drop than June’s 7.3% contraction.
In annual terms, average copper prices fell 23.35% in July, which followed the milder 14.5% drop recorded in June. July’s result marked the 12th consecutive annual decline and the steepest drop in prices since July 2009.