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Monday, September 15, 2008

UPDATE

UPDATE AT 9 PM, SEPTEMBER 15


U.S. copper futures tumble 3 percent Monday as investors

fret about the health of the global economy amid turmoil in

major U.S. banking and financial institutions.

Copper for December delivery HGZ8 down 9.20 cents, or

2.9 percent, at $3.1020 a lb on the New York Mercantile Exchange's

COMEX division at 10:35 a.m. EDT (1435 GMT).


* December ranged from $3.0570 to $3.2225 a lb.


* Spot September HGU8 traded down 8.65 cents, or 2.7 percent,

at $3.1225 a lb.
* Copper fell along with other base metals due to concerns about

the global economic strength after U.S. investment bank Lehman

Brothers filed for bankruptcy protection - metals trader.


* Copper, a barometer of the strength of the global economy,

sold off as U.S. stocks fell 2 percent amid financial turmoil.


* Trading momentum in the red metal also weakened after

data showed U.S. industrial output posted its biggest slide in

three years last month and September might not be much better.

Copper for December delivery HGZ8 down 9.20 cents, or 2.9 percent,

at $3.1020 a lb on the New York Mercantile Exchange's COMEX division at 10:35 a.m.

* December ranged from $3.0570 to $3.2225 a lb.


* Spot September HGU8 traded down 8.65 cents, or 2.7 percent,

at $3.1225 a lb.


* Copper fell along with other base metals due to concerns about

the global economic strength after U.S. investment bank Lehman

Brothers filed for bankruptcy protection - metals trader.


* Copper, a barometer of the strength of the global economy,

sold off as U.S. stocks fell 2 percent amid financial turmoil.

* Trading momentum in the red metal also weakened after data

showed U.S. industrial output posted its biggest slide in three years

last month and September might not be much better.

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