Jan. 10 (Bloomberg) -- Copper prices fell in Shanghai as some investors deemed yesterday's gains excessive after London Metal Exchange prices fell on renewed concerns that a slowdown in the global economy may crimp metals demand.

The U.S. is probably slipping into a recession, Goldman Sachs Group Inc. said yesterday. Global economic growth will slow for a second straight year in 2008 as tighter credit conditions weaken expansions in the U.S., Japan and Europe, the World Bank said in an annual forecast.

March-delivery copper on the Shanghai Futures Exchange fell as much as 1.2 percent, or 750 yuan, to 61,150 yuan ($8,410) a metric ton, and stood at 61,430 yuan at 9:54 a.m. local time. Zinc in Shanghai for March delivery dropped 1.9 percent to 20,675 yuan a ton.

Copper for delivery in three months on the London Metal Exchange gained 0.4 percent to $7,250 a ton at the same time, after ending 0.1 percent lower yesterday.

March-delivery copper on the Comex division of the New York Mercantile Exchange rose 0.3 percent to $3.2920 a pound at 9:57 a.m. in Shanghai.

To contact the reporter for this story: Glenys Sim in Singapore at gsim4@bloomberg.net

Last Updated: January 9, 2008 21:14 EST