Chile: Copper prices record eighth consecutive annual drop
April 1, 2015
In March, copper prices rose 3.7% over the previous month to an average of USD 2.69 per pound (equivalent to USD 5,940 per tonne), which represented the first increase in eight months. March’s increase contrasted the 2.1% drop seen in the previous month.
In annual terms, average copper prices fell 10.7% in March, which followed the 19.9% drop recorded in February. March’s result marked the eighth consecutive decline in annual prices.
Author: Dirina Mançellari, Senior Economist