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Copper price on Friday rose 0.5% on the London Metal Exchange



An increase of 0.5% compared with this Thursday had a copper price on Friday, according to a report of the daily steering of the Chilean Commission for Copper (Cochilco).

On the London Metal Exchange (BML), raw materials closed at a price of $ 2,729 per pound, recovering 0.51% during the week.

Expectations for new planned negotiations between the governments of the United States (USA) and China for January confirmed the quotes of mineral raw materials.

The authorities have planned a new round of negotiations to find a way out of the trade war that they fought for several months, and which tested the economic resilience of the Asian giant, the world's largest consumer of copper.

Thus, the average price of goods this month is $ 2,767 per pound, and per year – an average of $ 2,959 per pound, with an increase of 5.9%. At the same time, stocks in London for the session decreased by 0.23%, reaching 130,025 metric tons.


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