LONDON.- Copper closed with a 1.17% gain today at the London Metal Exchange (LME), after trading for US$ 1.57419 per pound of "grade A" material, compared to US$ 1.55605 on Thursday –its lowest value in 3.5 years- and US$ 1.61706 on Wednesday of this week.
Despite the gain however, the monthly average fell to SU$ 1.69556, while the yearly average slipped to US$ 3.34804.
Meanwhile, the future-3-month price ended at US$ 1.59211 per pound, up 1.01% from Thursday (US$ 1.57623).
At the LME, stocks increased by 1,500 metric tons to 283,125. So far this year, there has been an accumulated increase of 85,675 MT (+43.39%).