Copper Price Traded at US$4.1 per Pound This Morning (Wednesday, September 11, 2024)
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Investing.com notes that the price of copper today fell 0 percent to US$4.1 per pound. This price drop is relatively significant compared to the average price movement over the past week.
Copper prices reached their highest point this week on Monday, September 9, 2024, rising 1.72 percent. This represents a 5.27 percent increase compared to its year-to-date position.
The current situation completes the downward trend in copper prices over the past two days.
Over the past week, copper prices have grown by 0.3 percent, with an average daily transaction price of US$4.1 per pound. Compared to the price at the beginning of the year, the copper price has increased by 5.27 percent. The highest trading value for copper this year was US$5.11 per pound, recorded on Tuesday, May 21, 2024.
Annually, the average copper trading price over the past five years has shown an upward trend. Meanwhile, monthly price monitoring shows an upward trend in transactions over the past 12 months. The highest average monthly price for copper was recorded in May 2024 at US$4.76 per pound.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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