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Chile Copper Revenue Surged in December on Price Gain (Update1)
Jan 18,2010 10:30CST
industry news

Jan. 15 (Bloomberg) -- Chile's copper export revenue more than doubled in December as the price of the metal rose to its highest in 16 months on the London Metal Exchange.

The South American country's copper exports rose to $3.17 billion last month from $1.22 billion a year earlier, the central bank said today on its Web site.

For the year, copper exports fell 18 percent to $26.9 billion from $32.8 billion in 2008, according to a Bloomberg calculation based on Central Bank data.

Copper for forward delivery on the London Metal Exchange averaged $5,190 a metric ton in 2009, 25 percent less than in the average in 2008, when the metal touched a record.

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