Copper makes a slight comeback, but continues at US$ 1.5 per pound

The red metal rose 1.17% in London, reaching US$ 1.57 per pound.

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%).

ValorFuturo
Friday, November 21, 2008
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