Chile: Copper prices in May record tenth consecutive annual drop
June 1, 2015
In May, copper prices rose 4.2% over the previous month to an average of USD 2.85 per pound (equivalent to USD 6,294 per tonne), which represented a third consecutive increase. May’s gain followed the smaller 1.7% rise recorded in the previous month.
In annual terms, average copper prices fell 8.7% in May, which followed the steeper 9.5% drop recorded in April. May’s result marked the 10th consecutive annual decline in prices.