Chile: Copper prices record lowest level in nearly six years
February 3, 2015
In January, copper prices fell 9.1% over the previous month to an average of USD 2.66 per pound (equivalent to USD 5,855 per tonne), which represented the lowest level since June 2009. January’s decrease followed the 4.1% drop recorded in December and marked the steepest decline since October 2011.
In annual terms, average copper prices fell 19.7% in January, which followed the 10.8% drop recorded in December. January’s result marked the sixth consecutive decline in annual prices.
Author: Dirina Mançellari, Senior Economist