Copper is its fourth consecutive increase and stands at US $ 2,835 per pound

A new promotion pointed the price of copper on Wednesday. Ore ended the day up 1.38%, settling at US $ 2,835 per pound. The raw material has chained four consecutive rises and seems to be moving away from the trend that led to lows of US $ 2.71 per pound in the middle of the month.

Merchandise cemented its recovery after meeting the economic stimulus measures adopted by the Chinese government on the eve, and has gained more strength today in line with the weakness of the dollar. The market's attention is still focused on the collective bargaining of Minera Escondida. Yesterday, the company submitted its final proposal to the bargaining committee of the No. 1 Workers Union, which would be voted between July 28 and August 1.

For the moment, the contribution shows an average value of US $ 2,836 per month this month, while the average year is set at $ 3,099 per pound, an increase of 18.5%. Stocks of the London Metal Exchange (LME) fell 0.8% on Wednesday, totaling 252,400 metric tons