Following a market-driven increase of 3000:10,000 pounds in the price of a tonne of raw copper and scrap on Sunday, August 28, copper prices stabilised today, Friday, 10/14/2022, and have remained stable for more than 6 weeks.
In Egypt, Fajr offers current copper prices.
“Raw”” red copper is colourless.
Today, the cost of buying copper crude stabilised to record a tonne price of 145 thousand pounds.
Copper scrap in red
Red copper “scrap” had a fixed price of 96,000 pounds per tonne.
The cost of copper on the world market
At the close of trade on yesterday, October 13, copper futures for October delivery on the London Stock Exchange recorded $ 766. 5 per tonne, an increase of $ 28. 5, or 0. 37%.
The price per tonne of copper traded in November increased by nearly $29, to a record $7650.
The City Bank predicted that the price of copper will drop during the first quarter of the next year to a historic low of roughly $6200 per tonne.
At the London Stock Exchange warehouses, copper stockpiles grew to their greatest level in four months, and over the present time, around 143,775 tonnes.
The London Stock Exchange recorded its lowest levels in 8 months at 102 thousand tons during the middle of last month and at the level of global markets, the copper futures on the London Metal Stock Exchange jumped when the trading of Thursday session was settled.
Currently, on Friday, October 14, 2022, copper prices in Egypt
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