Copper closes with losses at the London Metal Exchange

The red metal registered a drop of 2.06%, ending the day at US$ 1.66 per pound.

27 de Noviembre de 2008 | 14:39 | ValorFuturo

LONDON.- Copper closed with a 2.06% loss today at the London Metal Exchange (LME) after trading for US$ 1.66242 per pound of "grade A" material, compared to US$ 1.69734 on Wednesday and US$ 1.61728 on Tuesday.

As a result, the monthly average fell to US$ 1.68925, while the yearly average slipped to US$ 3.31903.

Meanwhile, the future-3-month price ended at US$ 1.67602 per pound, down 2.51% from Wednesday (US$ 1.71912).

At the LME, stocks rose by 2,375 metric tons to 288,725. So far this year there has been an accumulated increase of 91,275 MT (+46.23%).

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