How has the price of copper changed over the past 5 years?

3 answers

• Dec 25, 2021 · 3 years ago
  The price of copper has experienced significant fluctuations over the past 5 years. In 2016, the price was relatively low due to a slowdown in global economic growth and a decrease in demand from China, which is the largest consumer of copper. However, in 2017 and 2018, the price started to rise again as the global economy recovered and demand for copper increased. The trade tensions between the US and China also had an impact on the copper market, with prices being affected by the uncertainty surrounding the negotiations. In 2019, the price of copper experienced a decline due to concerns about a global economic slowdown and a decrease in demand from the manufacturing sector. However, in 2020, the price started to recover as the global economy showed signs of improvement. Currently, the copper market is influenced by factors such as supply disruptions, changes in global trade policies, and the transition to renewable energy sources. Overall, the price of copper is influenced by a combination of supply and demand dynamics, macroeconomic factors, and geopolitical events.
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• Dec 25, 2021 · 3 years ago
  Well, let me tell you, the price of copper has been on a rollercoaster ride over the past 5 years. It's like a wild bull in the crypto market, going up and down without any warning. In 2016, the price was as low as a penny stock, but then it started climbing like a rocket in 2017 and 2018. It reached its peak and everyone was shouting 'to the moon!' But just like any other cryptocurrency, it crashed hard in 2019. People were panicking, selling their copper like there's no tomorrow. But guess what? It's 2020 and copper is making a comeback. It's like the phoenix rising from the ashes. So, if you're thinking of investing in copper, buckle up and enjoy the ride!
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• Dec 25, 2021 · 3 years ago
  According to our analysis at BYDFi, the price of copper has seen significant fluctuations over the past 5 years. In 2016, the price was around $4,500 per metric ton, but it dropped to around $4,000 per metric ton in 2017. However, in 2018, the price started to rise and reached a peak of around $6,500 per metric ton. In 2019, the price experienced a decline and dropped to around $5,500 per metric ton. In 2020, the price started to recover and is currently around $6,000 per metric ton. These price changes are influenced by various factors such as global economic conditions, supply and demand dynamics, and geopolitical events. It's important to note that investing in copper involves risks and it's always recommended to do thorough research and seek professional advice before making any investment decisions.
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