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Over the past few weeks, the industrial product has lost more than 3% of its value, falling to the March lows
Investors have not given a truce to the price of copper in recent days. In addition, after falling US $ 3 a pound yesterday at the London Metals Exchange, the red metal accentuated its decline and recorded its seventh day of setbacks.
According to Cochilco figures, the copper pound yielding 0.16% today at $ 2.98668, its lowest value since the end of March this year.
With that, the main export of the country accumulates a contraction of 3,32% in its slowdown. 19659003] The price of industrial metal was affected by the signs of weakness of the Chinese economy and the fears generated by the trade war with the United States, given that the Asian giant is the main consumer of the world product.
Up to now this year, the price of metal has lost 8% of its value. After the rebound of last year, the industrial metal has been under pressure from the flow side, given the decrease in risk appetite that has affected risky badets, such as commodities, the rise of the multilateral dollar and the perception of a normalization of monetary policy in the United States more accelerated than expected.
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