Copper prices are in a free fall as the global economy continues to slow down.
Here’s a look at the copper price index, the current copper price and the next copper price that’s likely to happen.
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Read moreThe copper price has been a key indicator of economic health for many years, although there’s been a recent upturn in the global copper price in recent months.
The copper price fell below US$1,300 per tonne on Monday and it’s likely that the copper market will remain at the current level for some time.
In recent weeks, the copper supply has been impacted by supply disruptions caused by the typhoon that hit the region last month.
While the copper prices in the past have fallen to levels not seen since the 1970s, the next silver-copper index could see the copper futures price fall to $1,260 a tonne before the next index update on June 15.
The silver copper price was last up around $2,400 in January 2018.
It will be interesting to see how the price will fall in the coming days.
If copper prices continue to fall, silver futures could move back up.
But if the copper index falls, the silver copper could move further down.
The silver futures price has fallen about 20% over the past week.