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Copper makes a rebound after finishing seven sessions with losses

The red metal was quoted at $ 2.89437 U.S. dollars per pound of "grade A" after it had fallen 24.74 cents (7.92%) since Monday, December 10th.

19 de Diciembre de 2007 | 14:47 | ValorFuturo

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LONDON.- Copper closed today with a 1.73% jump at the London Metal Exchange after trading for $ 2.89437 U.S. dollars per pound of "grade A", compared to $ 2.84516 U.S. dollars on Tuesday (its lowest value in 9 months) and $ 2.88712 U.S. dollars on Monday.


As a result, the monthly average shifted to $ 2.97012 U.S. dollars, and the yearly average to $ 3.23646 U.S. dollars.


Over the preceding 7 seven sessions, Copper had fallen 24.47 U.S. cents (7.92%).


The future-3-month price ended at $ 2.92318 U.S. dollars per pound, up 1.65% from Tuesday ($ 2.87578 U.S. dollars).


At the LME, stocks increased by 275 metric tons, to 195,925. So far this year, an overall increase of 13,125 MT (7.18%) has been accumulated.

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