Copper Prices man

Copper prices averaged USD 14,508 per metric ton in October, up 0.2% from September. On 30 October, the commodity traded at USD 14,329 per metric ton, down 0.9% from 30 September.

Copper prices held near September’s multi-year highs in October, as supply and demand concerns largely canceled each other out. Supply worries over the partial closure of Chile’s El Teniente mine and strong demand from China propped prices up. Weakness in AI stocks worldwide pulled the other way: It unsettled some investors about momentum in a sector where copper plays a crucial role, capping gains. A stronger U.S. dollar also discouraged copper purchases.