Copper plunges more than 4%, hitting its lowest value since January

To see international photos, click here

LONDON.- Copper traded for $3.20917 US dollars per pound of 'grade A' material this Friday at the London Metal Exchange (LME). This price represents a 4.65% loss when compared to Thursday's trading price of USD $3.36566 and Wednesday's price of USD $3.33844.

This represents the lowest value for the red metal since January 28 of this year, when it traded for $3.12 US dollars per pound.

As a result, the monthly average fell to $3.30678 US dollars per pound, and the annual average dropped to $3.66071 US dollars.

The future 3-month price ended at USD $3.19102 per pound, down 4.61% from Thursday (USD $3.34524).

At the LME, stocks went up by 18,775 metric tons to 200,875.