Copper Prices Rise to US$4.28 per Pound (Tuesday, September 17, 2024)
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Investing.com notes that the price of copper today rose 0.09 percent to US$4.28 per pound. This price increase is relatively high compared to the average price movement over the past week.
This week, copper prices saw their highest surge on Monday, September 16, 2024, at 1.18 percent. It has strengthened by 9.71 percent 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 3.2 percent, with an average daily transaction price of US$4.21 per pound. As a result, throughout 2024, copper prices have risen 9.71 percent from their year-start position of US$3.9 per pound. The highest trading value for copper this year was US$5.11 per pound, which occurred on Tuesday, May 21, 2024.
Annually, the average trading price of copper 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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