Chile: Copper prices record fifth consecutive drop
January 1, 2015
In December, copper prices fell 4.1% over the previous month to an average of USD 2.92 per pound (equivalent to USD 6,439 per tonne). December’s decrease followed the 0.4% drop recorded in November and marked the steepest drop in five months.
In annual terms, average copper prices fell 10.8% in December, which followed the 5.1% drop recorded in November. December’s result marked the fifth consecutive drop in annual prices.
Author: Dirina Mançellari, Senior Economist