Chile: Copper prices drop in August
September 2, 2014
In August, copper prices fell 1.5% over the previous month to an average of USD 3.18 per pound (equivalent to USD 7,006 per tonne). August’s decrease marked the largest drop in five months and contrasted the 4.3% increase observed in July.
In annual terms, average copper prices fell 2.6% in August, which contrasted the 3.0% increase recorded in July. July’s result had marked the first increase in annual copper prices since January 2013.
Author: Dirina Mançellari, Senior Economist