MARKET UPDATE FOR 26 SEPTEMBER

UPDATE 7-Copper down on demand worries, U.S. in focus.

Markets await U.S. financial sector rescue * Long-term worries

about cost of U.S. bailout * Base metals range-bound in light

trading volumes.

Copper prices in New York and Londonslipped on Friday as concerns

about waning demand growth prompted investors tolimit their

holdings in the industrial metal, while awaiting any newdevelopments

on a U.S. financial rescue plan. Copper for delivery in three months

MCU3 on the London Metal Exchange.

Pressure mounted on U.S. lawmakers on Friday to agree on

a $700 billionfinancial rescue plan after talks at the White House

collapsed in acrimony andthe failure of Washington Mutual, the

biggest bank closure in U.S. history,roiled global markets.

To put the $700 billion into perspective, the current value of the world's

total country central .

(LME) ended down $155, or 2.2 percent, at $6,775 per tonne.

Earlier copper,

used widely in power and construction, touched a one-week low of

$6,768. In New York, copper for December delivery HGZ8 settled

down 6.00 cents,

or 1.9 percent, at $3.0745 a lb on the New York Mercantile Exchange's

COMEX division.