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Copper closes out August with lowest monthly average since January

The red metal finished the period with a plunge of 1.80%.

29 de Agosto de 2008 | 12:19 | ValorFuturo

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LONDON.- Copper closed today with a 1.80% drop at the London Metal Exchange (LME) after trading for USD$ 3.40648 per pound of "grade A" material, compared to USD $3.46908 on Thursday and USD$ 3.45910 on Wednesday of this week.


As a result, the monthly average ended at USD$ 3.46304, while the yearly average fell to USD$ 3.67125 per pound.


Meanwhile, the future-3-month price ended at USD$ 3.37926 per pound, down 1.84% from Thursday (USD$ 3.44277).


At the LME, stocks rose by 3,325 metric tons, to 173,375. 

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