Copper closes with a sharp drop due to recessionary fears in the U.S.A.

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LONDON.- Copper closed today with a drop of 3.14% at the London Metal Exchange (LME) after trading for $ 3.22981 U.S. dollars per pound of "grade A", compared to $ 3.33436 on Wednesday (its highest value in 2 months) and $3.22323 U.S. dollars on Tuesday.

With the new value, the monthly and yearly averages rose to $ 3.16961 U.S. dollars.

The future-3-month price ended at $ 3.23638 U.S. dollars per pound, down -3.20% from Monday ($ 3.34320 U.S. dollars).

At the LME, stocks decreased by 1,100 metric tons, to 199,650. So far this year, an overall increase of 2,200 MT (+1.11%) has been accumulated.