Copper plunges 4.49% and borders on its lowest value in 9 months

To see international photos, click here

LONDON.- Copper closed today with a sharp drop of 4.49% at the London Metal Exchange (LME), after trading for $2.94880 U.S. dollars per pound of 'grade A', compared to $ 3.08738 U.S. dollars on Monday and $ 3.15519 U.S. dollars on Friday.

As a result, the monthly average fell to $ 3.01809 U.S. dollars, and the yearly average was calculated at $3.24928 U.S. dollars.

Today's value is the second lowest for red metal in 9 months, only slightly higher than the value registered this past November 22nd ($2.94472 U.S. dollars).

The future-3-month price ended at 2.99371 per pound, down 3.93% from Monday ($ 3.11618 U.S. dollars).

At the LME, stocks decreased by 1,325 metric tons, to 188,175.  So far this year, an overall increase of 5,375 MT (+2,94%) has been accumulated.