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Copper closes with a strong ascent, moving closer to $ 3 U.S. dollars

The red metal jumped 2.83% to $2.97625 U.S. dollars on the London Metal Exchange.

20 de Diciembre de 2007 | 14:23 | ValorFuturo

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LONDON.- Copper closed today with a new boost, this time of 2.83%, at the London Metal Exchange (LME), after trading for $ 2.97056 U.S. dollars per pound of "grade A" compared to $ 2.89437 U.S. dollars on Wednesday and $ 2.84516 U.S. dollars on Tuesday, when it reached its lowest price in nine months.


As a result, the monthly average moved up to $ 2.97056 U.S. dollars, although the yearly average fell to $ 3.23541 U.S. dollars.


The future-3-month price ended at $ 2.99439 U.S. dollars per pound, up 2.44% from Wednesday ($ 2.92318 U.S. dollars).


At the LME, stocks decreased by 250 metric tons, to 195,675.  So far this year, an overall increase of 12,875 MT (+7.04%) has been accumulated.

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