Alright, folks, let’s get into this copper price stuff. I’ve been keeping an eye on the copper market for a while now. So here’s what I did.
First off, I started by checking out some charts online. You know, just to get a feel for how copper prices are moving. The charts showed the price per pound, per ounce, and even per kilo. It is kind of interesting to see it laid out like that.
Then, I dug a little deeper and found out that the price changes all the time. Like, as of January 14th, it was one price, and now it’s different. On September 23, 2024, copper was trading at $4.33 per pound. That is up 2.73% from last week, the data said.
I also found this site that gives real-time prices in US dollars. It was pretty cool to see the numbers change right in front of me. This site included information about the live copper price, copper quote, and copper per ounce.
Next, I moved on to checking the historical data. Turns out, copper’s price was $8916.32 recently, which is down from last month but up from last year. This means it was down 1.76% from last month and up 6.15% from last year. It’s kind of wild how much it fluctuates.
I also read that copper prices were pretty high in 2024, even hitting $5 per pound in May. But that didn’t last long, and it dropped back to the $4 range by the end of the year. I noticed that copper had retreated back to the US$4 range.
Lastly, I looked into some price projections. Some folks think it might hit $10,073 per tonne soon, but long-term, it might stay around $8. So, I realized that it is not stable at all.
So, that’s my little adventure into the world of copper prices. I just wanted to share my journey and what I found. Hope you found it as interesting as I did!
