A ton of copper tumbles to 9,695.85 USD at the end of this week

In a downward trend for a few weeks already, the price of copper fell again on the international metals market at the end of this week, inform the indicators of London Metal Exchange (LME).

On the London Stock Exchange, this product is trading at USD 9,695.85 per tonne as of April 29, 2022 compared to USD 10,276.50 at the start of last week.

By comparing these two periods under analysis, it appears that this product recorded a negative price difference of around 580.65 USD on its market value on the London Stock Exchange this weekend, notes the London Metal Exchange. (LME) which represents 80% of world trade.

The drop in the price of this product should not help the economy of the Democratic Republic of Congo DRC, which is essentially focused on its mining sector.

According to the experts, 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.