Copper continues to fall due to fears of recession in U.S. economy

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LONDON.- Copper closed with a new 2.84% slump today at the London Metal Exchange (LME) after trading for $ 3.18422 per pound of "grade A", compared to $ 3.27743 U.S. dollars on Tuesday and $ 3.33889 U.S. dollars on Monday (its highest value in 2 months).

As a result, the monthly and yearly average fell to $ 3.20471 U.S. dollars.

The future-3-month price ended at $ 3.18513 U.S. dollars per pound, down 3.16% from Tuesday ($ 3.28900 U.S. dollars).

At the LME, stocks decreased by 3,050 metric tons, to 191,050.  So far this year, an overall decline of 6,400 MT (-3.24%) has been accumulated.