Copper Prices Rise to US$4.08 per Pound (Monday, September 9, 2024)
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Investing.com notes that the price of copper today rose 0.03 percent to US$4.08 per pound. This price increase is relatively high compared to the average price movement over the past week.
Today's price movement is the highest in the last week at 0.03 percent. It has strengthened by 4.54 percent compared to its year-to-date position.
The current situation completes the copper price movement over the past two days, which has been in a downward trend.
Over the past week, copper prices have grown by -3.39 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 grown by 4.54 percent. The highest trading value for copper this year was US$5.11 per pound, which occurred on Tuesday, May 21, 2024.
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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