Best of 2018: Top Copper Posts of the Year, From Escondida to Trade Fears

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We’ve taken a stroll down Steel Street and Aluminum Avenue — what about copper?

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The LME copper price surged to a 2018 high in early June, reaching $7,261.50 per ton, before plunging below the $6,000 per ton level about six weeks later. Since then, copper has traded relatively sideways through much of the year’s fourth quarter.

LME copper price in 2018. Source: LME

2018 also saw a labor saga at BHP’s Escondida mine in Chile — among other 2018 copper mine labor disputes — which was eventually resolved after months of talks.

On a macroscopic level, the ongoing trade war between the U.S. and China — yielding a total exchange of $360 billion in tariffs on each other’s imports — has had a depressive effect on markets around the world. China has seen softer demand for various metals, including the so-called Dr. Copper (dubbed as such for its perceived efficacy as an indicator of overall economic health). Some sort of trade agreement between the U.S. and China will go a long way toward stabilizing and, furthermore, injecting life into metals markets.

With all of that said, let’s take a ride down Copper Court and look back at some of the top copper stories on MetalMiner this year:

  1. Copper Had a Big 2017, but What Does 2018 Hold?

  2. Mid-April Metals Analysis: Aluminum, Copper and Nickel Prices Rise, Other Base Metals Fall

  3. This Morning in Metals: Copper, Aluminum Prices Drop on News of China’s Adjusted Winter Capacity Cuts

  4. Copper MMI: LME Copper Prices Fall

  5. Copper MMI: LME Copper Prices Continue Downtrend

  6. Copper MMI: Copper Prices Bounce Back Up

  7. Copper MMI: LME Copper Prices Continue Slide

  8. LME, SHFE Copper Prices Trend Down in March

  9. Copper MMI: LME Copper Prices Breach $6,000/MT

  10. Copper Price Falls as BHP Says Deal is Reached to Avoid Escondida Strike

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