Copper Falls in London Trading on Speculation of Slowdown: LME Preview

Copper fell for a second day in London on speculation European government debts and slowing economic growth will derail a global recovery.


-- Copper dropped $47.50, or 0.6 percent, to $7,862.50 a metric ton on the London Metal Exchange at 8:03 a.m. Relative Strength Index 65.8.


-- Aluminum fell 0.6 percent to $2,280 a ton. RSI 65.3.


-- Zinc declined 1 percent to $2,186 a ton. RSI 54.5.


-- Lead lost 0.6 percent to $2,255 a ton. RSI 59.3.


-- Nickel decreased 0.4 percent to $22,995 a ton. RSI 58.8.


-- Tin fell 0.2 percent to $23,600 a ton. RSI 68.5.


Other markets:               Last           % Change   % YTD


U.S. Dollar Index           79.486            0.3       2.4


Crude oil                     $76.11           -0.5      -4.1


Gold                              $1,292.95           -0.1      18


MSCI World Index          1,175.71           -0.4       0.6