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Home / Metal News / KGHM: Average Copper Price to Outstrip $5,000 in 2017

KGHM: Average Copper Price to Outstrip $5,000 in 2017

Jun 6, 2017 10:36

Source:SMM

KGHM Chief Executive Officer Radoslaw Domagalski-Labedzki said Monday the average copper price will exceed $5,000 yuan per tonne in 2017, wenhua.com reported.

SHANGHAI, Jun. 6 (SMM) - KGHM Chief Executive Officer Radoslaw Domagalski-Labedzki said Monday the average copper price will exceed $5,000 yuan per tonne in 2017, wenhua.com reported.

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The worst time has passed for copper producers, he said.

Copper prices rebounded from November 2016, and then have been hovering above $5,500 yuan per tonne due to strengthening world’s economy and growing demand.

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China imported 380,000 tonnes of unwrought copper and copper semis in January 2017, down 22.45 percent month-on-month, and 14 percent year-on-year, according to China Customs.

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KGHM: Average Copper Price to Outstrip $5,000 in 2017

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