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Copper plunges 1.34% at London Exchange

Red metal dropped to US$ 3.17288.

24 de Septiembre de 2008 | 12:47 | ValorFuturo

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LONDON.- Copper closed with a 1.34% loss this Wednesday at the London Metal Exchange (LME) after trading for US$ 3.17288 per pound of "grade A" material, compared to US$ 3.21597 on Tuesday and US$ 3.25044 on Monday.


As a result, the monthly average fell to US$ 3.19931, while the yearly average slipped to US$ 3.62558.


Meanwhile, the future-3-month price ended at US$ 3.17288 per pound, down 1.35% from Tuesday (US$ 3.21642).


At the LME, stocks dropped by 1,025 metric tons to 201,050.