Chile: Copper prices record fourth consecutive drop
December 2, 2014
In November, copper prices fell 0.4% over the previous month to an average of USD 3.04 per pound (equivalent to USD 6,713 per tonne). November’s decrease followed the 2.0% drop recorded in October and marked the softest drop in four months.
In annual terms, average copper prices fell 5.1% in November, which followed the 6.5% drop recorded in October. November’s result marked the fourth consecutive drop in annual prices.
Author: Dirina Mançellari, Senior Economist