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LONDON.- Copper closed today with another slump, the fourth one in a row, at the London Metal Exchange (LME) after trading for $2.94835 U.S. dollars per pound of 'grade A', compared to yesterday’s price of $3.00959 U.S. dollars.
As a result, the monthly average fell to $ 3.00810 U.S. dollars and the yearly average to $ 3.24225 U.S. dollars.
The future-3-month price ended at $2.98237 per pound, down 0.75% from Wednesday ($ 3.00505 U.S. dollars).
At the LME, stocks decreased by 125 metric tons, to 190,225. An overall increase of 7,425 MT (+4.06%) has been accumulated so far this year.