Copper Price Chart Last 5 Years In India
Copper is a versatile metal that has been used in various industries for centuries due to its excellent electrical conductivity, malleability, and ductility. It is widely used in electrical wiring, plumbing, construction, and electronics. In India, copper is an essential commodity and plays a crucial role in the country's economic growth. In this article, we will discuss the copper price chart for the last five years in India.
2016
At the beginning of 2016, the copper price in India was around INR 350 per kg. However, due to the global economic slowdown and the decline in demand from China, the copper price started to decline. By the end of the year, the copper price in India had dropped to around INR 320 per kg.
2017
In 2017, the copper prices in India started to rise due to the increase in demand from the construction and infrastructure sectors. The copper price at the beginning of the year was around INR 320 per kg, and it rose to around INR 420 per kg by the end of the year.
2018
In 2018, the copper prices in India continued to rise due to the increase in demand from the construction and infrastructure sectors. The copper price at the beginning of the year was around INR 420 per kg, and it rose to around INR 460 per kg by the end of the year.
2019
In 2019, the copper prices in India started to decline due to the global economic slowdown and the decline in demand from China. The copper price at the beginning of the year was around INR 460 per kg, and it dropped to around INR 400 per kg by the end of the year.
2020
In 2020, the copper prices in India started to rise again due to the increase in demand from the construction and infrastructure sectors. The copper price at the beginning of the year was around INR 400 per kg, and it rose to around INR 550 per kg by the end of the year.
Conclusion
The copper price chart for the last five years in India shows that the copper prices have been volatile due to the global economic slowdown and the fluctuating demand from various sectors. However, the demand for copper is expected to increase in the future due to the growth in the infrastructure and construction sectors. Thus, investors should keep an eye on the copper prices in India and invest accordingly.