The copper price fell in 2011 of 9,800 to 9,500 dollars per tonne. After the price of copper on 19 January 2011 another record high at $ 9,780 per tonne, reached the value of the metal slide down. Thus, the trend in copper prices fell in the shadow of a weak U.S. dollar on $ 9,484 per tonne. from
For copper consumer the euro area is twice the current development rates. In addition to the falling prices of copper on the London Metal Exchange (LME) discounted the relatively strong euro dollar exchange rate, the very good current-and heat-conductive metal. Thus, the euro exchange rate of $ 1.29 climbed to 1.36 dollars between the 3rd January and 21 January 2011.
This has the € price per ton of copper is reduced to € 6973. Normally, a weakening dollar rate associated with rising commodity prices. Therefore, the current copper prices are used as a good opportunity to stock up with the metal. Most dealers accountable namely rising prices 2011th
Demand for copper should rise due to the robust world economic development. The U.S. is expected to achieve an increase in the gross domestic product (GDP) this year in the order of +3.5 percent. The second-largest economy, China will grow by at least eight percent, thus for rising copper prices. China is the world's largest consumer of copper.
addition to industrial demand are also financial investors copper prices discovered. Thus provide with physical copper deposited funds for an additional component of demand. Betting on a rising price of copper is considered particularly promising, even against the background of the gold and silver present through a weak phase.
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