Economy & Business - August 2005

Copper: Copper prices hit US$1.72 per pound on the London Metal Exchange on 19 August before slipping back slightly in the following week. The copper price has been buoyed by strikes at mines in the US and Mexico and unrest in mining areas in Peru. On the demand side, the consensus is that demand from China will continue to hold up. So far this year, the Comisión Chilena del Cobre reckons that the copper price has average US$1.54 per pound. That is a new record. For the same period of 2004, the average price was US$1.30 per pound. 

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