Copper continues to plummet, reaching its lowest value since March

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SANTIAGO.- Copper closed today with its seventh straight slump at the London Metal Exchange (LME) after trading for $ 2.84516 U.S. dollars per pound of "grade A", compared to $ 2.88712 U.S. dollars on Monday and $ 2.91206 U.S. dollars on Friday.

As a result, the monthly average fell to $ 2.97644 U.S. dollars, and the yearly average to $ 3.23785 U.S. dollars.

Today's value is the lowest for the metal since March 14th of this year, when it traded for $ 2.82135 U.S. dollars.

The future-3-month price ended at $ 2.87578 U.S. dollars per pound, down 1.26% from Monday ($ 2.91252 U.S. dollars).

At the LME, stocks increased by 1,200 metric tons, to 195,650.  So far this year, an overall increase of 12,850 MT (+7.03%) has been accumulated.