Copper Price Traded at US$4.27 per Pound This Morning (Tuesday, September 17, 2024)
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Investing.com notes that the price of copper today fell 0.01 percent to US$4.27 per pound. This price drop is relatively significant compared to the average price movement over the past week.
This week, copper prices saw their highest surge on Monday, September 16, 2024, reaching 1.11 percent. It has strengthened by 9.53 percent compared to its year-to-date position.
The current situation is similar to the copper price movement in the last 24 hours, which is currently in a downward trend.
Over the past week, copper prices have grown by 3.03 percent, with an average daily transaction price of US$4.21 per pound. Compared to the price at the beginning of the year, the copper price has grown by 9.53 percent. From its highest price this year at US$5.11 per pound, the copper price has fallen by 16.37 percent.
Annually, the average copper price trade over the past five years has been on an upward trend. Meanwhile, for monthly price monitoring, transactions in the last 12 months have tended to increase. 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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