Copper slides amid weakening demand due to global economic slow-down
London, Monday, August 11, 2008 ARANCA News Report (www.aranca.com) :As uncertainties cloud the global economy outlook, commodities such as copper seem to have run aground. On London Metal Exchange (LME), copper prices have fallen 18% to their three-month low of $8,940 a metric ton while the September futures of copper fell 19% on the New York Mercantile Exchange. The copper inventories rose 24% to 151,100 metric tons on August 7, 2008.
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