A ton of copper fell to 9,160 USD on Tuesday 11 May against 9,695.85 USD last week

March 2022 has been the most prolific month for the copper market which continues to tumble in the international market.

In a downward trend for a few weeks now, the price of copper has fallen again on the international metals market, inform the indicators of London Metal Exchange (LME).

On the London Stock Exchange, this product is trading at USD 9,160.00 per ton compared to USD 9,695.85 per ton last week.

By comparing these two periods under analysis, it appears that this product recorded a negative price difference of around 535.85 USD on its market value on the London Stock Exchange this weekend, notes the London Metal Exchange. (LME) which represents 80% of world trade.

Last March, a ton of copper sold for 10,236.7 USD on the international market, thus registering its highest level since the beginning of the 21st century.

This downward trend, which is confirmed over the weeks, should not help the economy of the Democratic Republic of Congo (DRC), which is essentially focused on its mining sector.

In January 2022, the price of copper stood at USD 9,782.34 per ton, up 2.4% month on month and up 22.7% year on year. The price of copper per kilogram was therefore established at 9.78 dollars or 8.7 euros per kilogram.

Copper is the third most used metal in the world after iron and aluminum. It is also one of the oldest to have been mined by man, with the first copper objects dating back more than 7,000 years.

A reddish colored metal, copper is an excellent thermal and electrical conductor.

Like gold and silver, it is ductile and easily malleable. Copper is very popular in the electrical and electronics industry: manufacture of cables, batteries, electronic circuits, but also in piping, transport, or the manufacture of coins.

Copper is very widely used in alloys such as bronze or brass.

It should be noted that the price of copper is particularly sensitive to the economic situation and can undergo sudden variations.