Copper closes with another gain in London

LONDON.- Copper closed with another gain, this time of 2.76%, today at the London Metal Exchange (LME) after trading for US$ 1.56172 per pound, compared to US$ 1.51976 on Wednesday and US$ 1.44719 on Tuesday of this week.

As a result, the monthly average climbed to US$ 1.50174, while the yearly average increased to US$ 1.48029.

Meanwhile, the future 3-month price quote ended at US$ 1.57215 per pound, up 2.24% from Wednesday (US$ 1.53768).

At the LME, stocks decreased by 2,925 metric tons to 545,475. So far this year, there has been an accumulated increase of 205,700 MT (+60.54%).