Chile: Copper prices fall at softest rate in 17 months
July 1, 2014
In June, copper prices fell 1.0% over the previous month to an average of USD 3.09 per pound (equivalent to USD 6,821 per tonne). June’s decrease contrasted the 3.3% increase observed in May.
A year-on-year comparison does not corroborate the deterioration suggested in the monthly data: In annual terms, average copper prices fell 2.6% in June, which came in above the 4.9% decrease recorded in May. June’s reading marked the softest fall since January 2013.
Author: Dirina Mançellari, Senior Economist