What was the price of copper on January 3 2023?

Coming in at US$8,307.01 per metric ton (MT) on January 3, copper quickly climbed to its yearly high of US$9,406.01 on January 26. The metal saw some mild volatility during the quarter, but remained largely rangebound, staying above the US$8,500 mark. Copper price from January 3, 2023, to December 28, 2023. Chart via Trading Economics.

Is 2023 a good year for copper?

2023 hasn’t been the strongest year for copper. Although it started off strong, the base metal has been influenced by supply and demand issues, and prices look set to end the year relatively flat.

Will copper prices retest in 2022?

20 year copper price chart. Chart via Federal Reserve Economic Data. Copper had pulled back to about US$8,000 by mid-August 2022 on growing fears of a global recession. In early 2023, prices mounted a campaign to breach the US$9,300 level, once again giving market watchers a reason to believe highs for the metal would soon to be retested.