Wednesday , August 4 2021

The price of copper rose 0.5% on Friday at the London Metal Exchange



An increase of 0.5% compared to Thursday it was the price of copper on Friday according to a report of the daily wheel of the Copper Commission in Chile (Cochilco).

The raw materials closed at $ 2,729 in the London Metal Exchange (BML) and gained 0.51% during the week.

Expectations of the new US-China negotiations for January strengthened the mineral's quotation.

The authorities planned a new round of negotiations to find a way out of their month-long trade war, which tested the economic strength of the giant giant, the world's largest brass copper.

In this way, the goods show an average price of $ 2,767 per pound this month and an average of $ 2,959 per kilogram a year with a 5.9% increase, while inventory in London meanwhile fell 0.23% at a meeting of 130,025 tons.


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