Chile: Copper prices on upward trend in May
May 1, 2014
In May, copper prices rose 3.3% over the previous month to an average of USD 3.13 per pound (equivalent to USD 6,891 per tonne). May’s increase followed the 0.3% rise observed in April.
A year-on-year comparison corroborates the improvement suggested in the monthly data. In annual terms, average copper prices fell 4.9% in May, which came in above the 7.8% decrease recorded in April. May’s reading marked the softest fall since September 2013.
Author: Dirina Mançellari, Senior Economist