Classified Id: 991379
Classified
Title:
Copper Rod Prices Trend and Forecast
Category: For All:General
City: Bangalore Locality: New York
Date Listed/Updated: 2023-02-28
Author/Publisher name:
Description: In the North American market, the Copper Rod prices inched up by more than 5.4% in the final quarter of 2022 compared with the previous quarter amid concerns over the global demand outlook and hawkish remarks from US Federal Reserve officials sent the dollar higher. According to market participants, key factors which provoked Copper Rod prices to increase include deposits becoming more expensive to develop and miners focusing on quality rather than quantity. However, the supply outlook remained bleak, as the current low prices in October were insufficient to spur investment in new production. Copper prices rose in mid-Q4 as investors predicted that central banks would slow the pace of interest rate hikes. Conflicts between miners and the Peruvian communities where they worked had been a major source of contention. Peruvian miners faced more acute problems with local discontent than most other countries due to the proximity of populated areas and mines.
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