Copper closed at $3.1 a pound, increasing by 1.07%

Copper reached its highest price in more than two years. The value of the red metal closed at $3.1 a pound, rising 1.07% on the day. That was the largest increase since last September, when it climbed 1.68%, but the most remarkable thing is that it touched the highest price since June 18, 2018, when it ended at $3.17 a pound. Thus, copper rose 1.12% in the week, the second in a row in positive territory. Thus, in 2020 it completes an increase of 11.01%, averaging a value of $2.64 per pound.

Source: EMOL