Copper on the London Metal Exchange ended Tuesday's session with the highest price in almost three years, and on Wednesday the metal did not experience further appreciation. Copper on the LME hit $ 6,797.50 a tonne after the opening session on three-month contracts, and the metal is now up 0.4 percent.
Market participants rely on the opinion of Oscar Landerretch, president of Codelco, the largest copper producer in the world, who estimates that copper prices may "return" in the next few months.
The President of Codelco believes that copper prices have risen too quickly. In the past three months, because the metal has gained as much as 20 percent, which may be the result of speculative copper purchases.
On Tuesday, copper at the LME in London soared $ 126 to $ 6792.00 a tonne, the highest since October 2014.
Copper in London reaches its highest rate since October 2014
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