Despite a brief recovery on Monday, copper prices slipped to $6,730.
Despite a brief recovery on Monday, copper prices dropped on July 9 on the London Metal Exchange. Copper for three-month delivery dropped to $6,730 a tonne. Copper has recovered slightly from its a three-year low of $6,602 a tonne it reached in late June.
On the Comex in New York, copper for September delivery also fell $0.043 to $3.057 a pound.
The drop in copper prices is caused partly by a strong dollar, making the metal more expensive for non-U.S. investors, and partly by a market surplus.
MARKETS
COMMODITIES
Commodities | |||
---|---|---|---|
Gold | 1810.11 | +4.25 | |
Silver | 23.65 | +0.11 | |
Copper | 3.82 | -0.02 | |
Palladium | 1781.64 | +2.14 | |
Platinum | 1014.00 | +8.00 | |
Oil | 77.09 | -1.87 | |
Heating Oil | 3.21 | -0.09 | |
Natural Gas | 4.69 | 0.00 |
DOWNLOAD FREE REPORTS
BROWSE COMPANIES BY SECTOR
- Agriculture Investing
- Phosphate Investing
- Potash Investing
- Base Metals Investing
- Copper Investing
- Iron Investing
- Lead Investing
- Nickel Investing
- Zinc Investing
- Battery Metals Investing
- Cobalt Investing
- Graphite Investing
- Lithium Investing
- Manganese Investing
- Vanadium Investing
- Critical Metals Investing
- Magnesium Investing
- Rare Earth Investing
- Scandium Investing
- Tantalum Investing
- Tellurium Investing
- Tungsten Investing
- Energy Investing
- Oil and Gas Investing
- Uranium Investing
- Gem Investing
- Diamond Investing
- Industrial Metals Investing
- Aluminum Investing
- Chromium Investing
- Coal Investing
- Molybdenum Investing
- Tin Investing
- Precious Metals Investing
- Gold Investing
- Palladium Investing
- Platinum Investing
- Silver Investing
- 3D Printing Investing
- Bitcoin Investing
- Blockchain Investing
- Cleantech Investing
- Cloud Investing
- Cryptocurrencies
- Data Investing
- Emerging Tech Investing
- Artificial Intelligence Investing
- Mobile Investing
- Robotics Investing
- Fintech Investing
- Gaming Investing
- Esports Investing
- Nanoscience Investing
- Graphene Investing
- Nanotech Investing
- Security Investing
Featured Base Metals Stocks
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.