Copper Fund Slips 0.44% to US$40.45 as Miners Fall | Copper, Oct 13
The US copper fund CPER fell 0.44% to US$40.45 on Tuesday 13 October as Southern Copper lost 0.61% and Freeport 1.19%, with Chile and Peru in focus. The post Copper Fund Slips 0.44% to US$40.45 as Miners Fall | Copper, Oct 13 appeared first on The Rio Times .
On October 13, copper-related assets experienced a decline, with the CPER fund falling 0.44% to US$40.45. Southern Copper witnessed a 0.61% decrease to US$207.42, while Freeport-McMoRan saw a steeper 1.19% drop to US$72.42. No single news item attributed to the drop, despite the weaker dollar not aiding copper prices. This indicates that the decline stemmed from sector factors rather than currency influences.
Copper and its miners declined together, despite the softer dollar, suggesting pressure primarily from within the sector. The CPER fund's value below US$40 could signal a further pullback in copper prices.
Written by urgent.news from The Rio Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
