Copper price fell down

Copper price fell 5.19% today, closing at US$ 3.2298 per pound in the London Metal Stock Exchange (LSE), acording to the information released by Cochilco (Comisión Chilena del Cobre).

Last friday, the red metal closed at US$3.4064 per pound and today reached the biggest fall since october 21th, 2011.

In the same market, the futures prices of the copper reached US$ 3.24568 per pound. With this variations, the monthly average price at the date is US$ 3.36489 per pound and the year average price is US$3.56533 per pound.