Chile: Copper prices record seventh consecutive annual drop
March 2, 2015
In February, copper prices fell 2.1% over the previous month to an average of USD 2.60 per pound (equivalent to USD 5,729 per tonne), which represented the softest decrease in three months. February’s drop followed the 9.1% decrease recorded in January.
In annual terms, average copper prices fell 19.9% in February, which followed the 19.7% drop recorded in January. February’s result marked the seventh consecutive decline in annual prices.
Author: Dirina Mançellari, Senior Economist