New York Mercantile Exchange Copper Prices Rise 25% In 2020

Futures contract quotes for copper on the New York Mercantile Exchange (NYMEX) is up about 25% in 2020.

In December, prices climbed to $ 3.63 per pound, the highest in almost eight years, and on Wednesday traded at $ 3.56 per pound.

In March, at the height of fears about the negative impact of the COVID-19 pandemic on the global economy and the suspension of business operations, quotes fell to $ 2.098 per pound – the lowest level in 2.5 years, Trading Economics notes.