You are here://The copper increase its price to US$ 2,787 pound and accumulates a gain of 11,7% from the beginning of the year

The copper increase its price to US$ 2,787 pound and accumulates a gain of 11,7% from the beginning of the year

According to the Cochilco data, the red metal accumulates a gain of 11,7% this year and achieves the higher price from May 2015, when it closed at US$2,811 pound.

Among the reasons that drive this increase of copper´s price is the strike of the biggest mine of the world, Econdida, property of BHP Billiton and located in Antofagasta Region.

Besides this, Freeport’s announced the reduction of the copper’s production in the Indonesian mine of Grasberg, also one of the biggest mine in the world.

In addition, the China’s IPC contributes to increase the price, because of the better expectations about the economy recovery of the Asian giant and gives a strengthening of the activity of the manufacturing sector at a global level.

2017-09-18T17:26:13+00:00 27/02/2017|Latest news|