Copper falls 1.50% in London

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LONDON.- Copper closed with a 1.50% drop today at the London Metal Exchange (LME), after trading for $3.04361 U.S. dollars per pound of 'grade A', compared to $3.08987 U.S. dollars on Friday and $2.99825 U.S. dollars on Thursday.

As a result, the monthly average rebounded to $3.02323, while the yearly fell to $ 3.24555.

The future-3-month price ended at $ 3.09804 U.S. dollars per pound, down -0.61% from Friday ($3.11709 U.S. dollars).

At the LME, stocks decreased by 275 metric tons, to 188,475.  So far this year, a 5,675 MT (+3,10%) increase has been accumulated.