Chile: Copper prices rise for the first time in 19 months
August 1, 2014
In July, copper prices rose 4.3% over the previous month to an average of USD 3.23 per pound (equivalent to USD 7,113 per tonne). July’s increase contrasted the 1.0% decrease observed in June.
In annual terms, average copper prices rose 3.0% in July, which contrasted the 2.6% decrease recorded in June. July’s reading marked the first increase in annual copper prices since January 2013.
Author: Dirina Mançellari, Senior Economist