Chile Commodities

Chile

Chile: Copper prices continue to ease

December 1, 2012

In November, copper prices fell 4.4% over the previous month to an average of USD 3.50 per pound (equivalent to USD 7,711 per tonne), which followed the 0.3% decrease seen in October. The monthly drop came on the back of persistent uncertainty over the Eurozone crisis resolution and U.S. budget talks. That said, on 30 November, copper prices rallied to USD 3.62 per pound, the highest end of period level since April, amid news of better growth prospects for China, the world's biggest copper consumer. Despite the monthly drop, copper prices rose 1.7% in annual terms, which contrasted the 10.8% drop in the same month last year. The reading added to the 9.0% increase recorded in October.


Author:,

Sample Report

Looking for forecasts related to Commodities in Chile? Download a sample report now.

Download

Chile Commodities Chart


Chile Commodities November 2012



Chile Economic News

More news

Search form