Copper Prices Continue to Rise Over the Past Three Days
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Investing.com reports that the price of copper today rose 0.97 percent to US$4.24 per pound. This price increase is relatively high compared to the average price movement over the last week.
This week, copper prices saw their highest surge on Monday, September 9, 2024, at 1.72 percent. Year-to-date (YTD), the price has strengthened by 8.65 percent.
The current situation is similar to the copper price movement over the past three days, which has been in a downward trend.
Over the past week, copper prices grew by 2.38 percent, with an average daily transaction price of US$4.14 per pound. According to Katadata Insight Center (KIC) calculations, year-to-date (YTD), the copper price has increased by 8.65 percent. However, from its highest price this year of US$5.11 per pound, the copper price has fallen by 17.04 percent.
Annually, the average copper trading price 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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