Copper closes out November with lowest monthly average in more than 3 years

The red metal ended the day in London with a 2.29% loss, bringing the price to US$ 1.62 per pound.

LONDON.- Copper suffered another loss today, this time of 2.29%, at the London Metal Exchange (LME) after trading for US$ 1.62431 per pound of "grade A" material, compared to US$ 1.66242 on Thursday and SU$ 1.69734 on Wednesday of this week.


As a result, the monthly average fell to US$ 1.68600, while the yearly average slipped to US$ 3.31176.


The metal, which is Chile's number one export- ended with a monthly average lower than that of July 2005, when figure was reported at US$ 1.63 per pound.


Meanwhile, the future-3-month price ended at US$ 1.64427 per pound, down 1.89% from Thursday (US$ 1.67602).


At the LME, stocks increased by 2,925 metric tons to 291, 650. So far this year, there has been an accumulated increase of 94,200 MT (+47.71).

ValorFuturo
Friday, November 28, 2008
Comentarios mejor valorados en Ingles
Buscar...
Mas Vistas
Buscador EmolValor FuturoFaroxGuioteca.comAutolocal.clMimix.clAdxion