The price of copper reaches USD 9,001.0 per tonne on the international market (BCC)
The price of a tonne of copper rose by 0.69% on April 13, standing at 9,001.0 USD on the London Metal Exchange (LME) against 8,939.00 USD a week earlier.
This is what the note on the economic situation of the Central Bank of Congo (BCC) provides.
According to indications from the Central Bank of Congo, this rise in the price of copper is driven by the expansion of activities in China, particularly in the construction and automotive sectors.
According to metal market experts, copper is expected to trade lower this morning of April 21, 2023 in London where the metal is affected by US economic data which raises fears of a recession and the sluggish recovery of the Chinese economy. which exacerbates fears of slowing demand.
The price of copper has fallen 0.3% since opening at 8858 USD per ton. It is heading for a contraction of almost 2% over the week, erasing a good part of the gains (+2.5%) acquired the previous week.
In Shanghai, the benchmark copper contract also fell: -0.69% to 68,870 yuan/t (or 10,002.32 USD per ton).
