Copper prices rose sharply in February. Global copper prices peaked in two months after the release of economic data from the United States and China. Since then, the copper market has been in good shape for the last two months. Copper prices last fell last Friday. However, despite the weekly price decline, analysts believe that global copper prices are now on the right track compared to last year. News Reuters.

Analysts believe that the current price of the metal is much higher than last year. Its price will increase further in the future. In the wake of the economic recovery, the activities of Chinese industries have accelerated since the beginning of this year. However, experts believe that it has not reached the expected level yet. So they think it has an impact on the global copper market.

Copper prices on the London Metal Exchange (LME) last fell 1 percent to 9,190.50 a tonne. Compared to the same period last year, the current price of copper is still above 3 percent.

Sunbd/NJ