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Investing.com records that today's copper price rose 0.04 percent to the level of US$4.49 per pound. This price increase is quite high compared to the average price movement over the past week.
Throughout this week, copper prices saw their highest jump on Tuesday, September 24, 2024, at 3.31 percent. It has strengthened by 15.2 percent compared to its position at the start of the year.
Current conditions are similar to the copper price movement over the last day, which is in an uptrend.
Over the past week, copper price movement grew 4.48 percent with an average daily transaction price of US$4.41 per pound. As a result, throughout 2024, copper prices have risen 15.2 percent from the start-of-year level of US$3.9 per pound. Even from this year's highest price of US$5.11 per pound, copper prices have fallen 12.03 percent.
Annually, the average trading price of copper over the past five years has been on an uptrend. Meanwhile, for monthly price monitoring, transactions over the last 12 months tend to rise. The highest average monthly price for the copper commodity was recorded in May 2024 at US$4.76 per pound.
(Read: Aluminum Prices Rose to US$2,559 per Ton as of Tuesday, September 24, 2024)
"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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