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Copper rebounds with a 4.36% rise

Red metal rose to $3.09577 U.S. dollars at the London Metal Exchange, after falling again yesterday to below $3 U.S. dollars.

29 de Noviembre de 2007 | 13:47 | ValorFuturo

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LONDON.- Copper closed today with an increase of 4.36% at the London Metal Exchange(LME), after trading for $3.09577 U.S. dollars per pound of 'grade A', compared to $2.96649 U.S. dollars on Wednesday and $3.00278 U.S. dollars on Tuesday.


As a result, the monthly average shifted to $3.16028 U.S. dollars and the yearly to $3.25167 U.S. dollars.


The future-3-month price ended at $3.10257 U.S. dollars per pound, up 3.78% from Wednesday ($2.98963 U.S. dollars).


At the LME, stocks increased by 375 metric tons, to 188,600. So far this  year, an increase of 5,800 MT (+3,17%) has been accumulated.

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