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Copper continues upward trend

The red metal closed out the day of trade with a gain of 0.24%, reaching a price of USD $ 3.56 per pound.

22 de Agosto de 2008 | 14:25 | ValorFuturo

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LONDON.- Copper closed with a .24% gain today at the London Metal Exchange (LME) after trading for USD$ 3.56569 per pound of 'grade A' material, compared to USD$ 3.55707 on Thursday and USD$ 3.47905 on Wednesday.


As a result, the monthly average was reported to be at USD$ 3.46797, while the yearly average dropped to USD $3.67681.


The future 3 month price ended at USD$ 3.52078 per pound, up 0.22% from Thursday (USD$ 3.51307).


At the LME, stocks rose by 7,275 metric tons, reaching a total of 163,800 MT.

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