{"id":24643,"date":"2022-06-28T15:04:22","date_gmt":"2022-06-28T19:04:22","guid":{"rendered":"https:\/\/capital10x.com\/old\/?p=24643"},"modified":"2022-07-04T17:00:27","modified_gmt":"2022-07-04T21:00:27","slug":"copper-prices-hit-a-quarterly-low","status":"publish","type":"post","link":"https:\/\/capital10x.com\/old\/copper-prices-hit-a-quarterly-low\/","title":{"rendered":"Copper: Prices Hit a Quarterly Low"},"content":{"rendered":"<p>Copper prices are down by 20% in the second quarter. It\u2019s the biggest quarterly drop since 2011. The biggest contributing factor is the COVID-19 lockdowns and slowing economic growth.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-24644\" src=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2022\/07\/Copper-Price-End-of-July-2022.png\" alt=\"\" width=\"780\" height=\"591\" srcset=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2022\/07\/Copper-Price-End-of-July-2022.png 780w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2022\/07\/Copper-Price-End-of-July-2022-300x227.png 300w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2022\/07\/Copper-Price-End-of-July-2022-768x582.png 768w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2022\/07\/Copper-Price-End-of-July-2022-696x527.png 696w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2022\/07\/Copper-Price-End-of-July-2022-80x60.png 80w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2022\/07\/Copper-Price-End-of-July-2022-160x120.png 160w\" sizes=\"auto, (max-width: 780px) 100vw, 780px\" \/><\/p>\n<p>China uses more than half the world\u2019s industrial metals, but their return from manufacturing couldn\u2019t stop the decline in the copper market. Copper broke the $8,000 level on the London Metal Exchange (LME) and other base metals dropped as well. Copper for delivery in September, touched a low $3.55 per pound ($7,834 per ton) in trade on the Comex market in New York.<\/p>\n<p>China\u2019s manufacturing expanding its fastest in 13 months in June, with a strong rebound in output, a private sector poll showed on Friday.<br \/>\nGlobal copper demand is assumed to grow around 2 to 3% this year to 26 million tons. The metal experienced 4 to 5% growth in 2021.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Copper prices are down by 20% in the second quarter. It\u2019s the biggest quarterly drop since 2011. The biggest contributing factor is the COVID-19 lockdowns and slowing economic growth.<\/p>\n","protected":false},"author":24,"featured_media":22239,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59],"tags":[587,1950,461,76,859],"class_list":{"0":"post-24643","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-metals","8":"tag-china","9":"tag-comex","10":"tag-commodities","11":"tag-copper","12":"tag-metals"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Copper: Prices Hit a Quarterly Low | Capital 10X<\/title>\n<meta name=\"description\" content=\"Copper prices are down by 20% in the second quarter. It\u2019s the biggest quarterly drop since 2011. 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