By Glenys Sim
Oct. 8 (Bloomberg) -- Copper on the London Metal Exchange fell 4.4 percent in Asia as the credit crisis worsened, raising concerns that a global economic slowdown will crimp demand.
Copper for delivery in three months dropped by $250 to $5,380 a metric ton, the lowest intra-day level since February 8, 2007. The metal traded at $5,400 at 8:15 a.m. Singapore time.
To contact the reporter for this story: Glenys Sim in Singapore at gsim4@bloomberg.net
Wednesday, October 8, 2008
Copper on the London Metal Exchange Falls 4.4 Percent to $5,380
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