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Copper Falls as Growth Concerns Threaten Demand: LME Preview

Copper dropped for a third day as Japan’s exports fell and Singapore warned of slower growth, deepening concerns global economic expansion may slow amid debt crises in the U.S. and Europe, curbing demand for raw materials.

Market News:

Metals News:

Metal Prices:

-- Copper fell $60.25, or 0.8 percent, to $7,464.75 a metric ton
by 7:27 a.m. on the London Metal Exchange. Relative Strength
Index 44.2.
-- Aluminum gained 0.4 percent to $2,117.75 a ton. RSI 43.7.
-- Zinc dropped 1.5 percent to $1,936.25 a ton. RSI 49.8.
-- Lead fell 0.7 percent to $2,045 a ton. RSI 51.9.
-- Nickel gained 0.3 percent to $17,700 a ton. RSI 40.7.
-- Tin fell 0.6 percent to $21,150 a ton. RSI 43.7.


Other Markets:
                     Last           % Change       % YTD
U.S. Dollar Index   78.172            0.2           -1.1
Crude oil           $97.32           -0.4            6.5
Gold                $1,721.77        -0.1           21.2
MSCI World Index    1,155.62         -0.2           -9.7


Economic events:
                                      Forecast  Prior     Time
                                                        (London)
U.S. Chicago Fed. Nat.
Activity Index                OCT       0.19    -0.22    13:30
U.S. Existing Home Sales      OCT       4.80M   4.91M    15:00

To contact the reporter on this story: Maria Kolesnikova in London at mkolesnikova@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net

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