Copper closes with a sharp fall of 2.15% at the London Metal Exchange

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LONDON.- Copper closed today with a 2.15% drop at the London Metal Exchange (LME), after trading for $3.08738 U.S. dollars per pound of 'grade A', compared to $3.15519 U.S. dollars on Friday and $3.09577 U.S. dollars on Thursday.

As a result, the monthly average was set at $3.08738 U.S. dollars and the yearly average shifted to $3.25056 U.S. dollars.

The future-3-month price ended at $3.11618 U.S. dollars per pound, down 2.14% from Friday ($3.18422 U.S. dollars).

At the LME, stocks increased by 300 metric tons, to 189, 500.  So far this year, a 6,700 MT (+3,67%) increase has been accumulated.