Chile: Copper prices fall at fastest year-on-year rate in six months
November 3, 2014
In October, copper prices fell 2.0% over the previous month to an average of USD 3.06 per pound (equivalent to USD 6,737 per tonne). October’s decrease followed the 1.9% drop recorded in September and marked the largest drop in three months.
In annual terms, average copper prices fell 6.5% in October, which followed the 4.0% drop recorded in September. October’s result marked the fastest drop in six months.
Author: Dirina Mançellari, Senior Economist