Copper closes with another gain in London

LONDON.- Copper closed with another gain today, this time of 1.76% at the London Metal Exchange (LME) after trading for US$ 1.45195 per pound of "grade A" material, compared to US$ 1.42678 on Monday and US$ 1.40886 on Friday.

As a result, the monthly average climbed to US$ 1.43937, although the annual average dropped to US$ 1.45901.

Meanwhile, the future 3-month price quote ended at US$ 1.46556 per pound, up 1.48% from Monday (US$ 1.44424).

At the LME, stocks increased by 4,100 metric tons to 495,300. So far this year, there has been an accumulated increase of 155,525 MT (+45.77%).