OCT 21 TUESDAY

Copper falls on demand fears, dollar strength .

Copper fell on Monday, reversing

earlier gains, as investors turned cautious on the stronger

dollar and concerns about slowing growth in China.

Three-month copper on the London Metal Exchange was

last quoted at $4,720/4,730, after falling as low as $4,661 a

tonne.

The dollar rallied against the yen, after Federal

Reserve Chairman Ben Bernanke told Congress another stimulus

plan may be needed to boost the sluggish economy, making

dollar-priced metals more expensive for holders of other

currencies.

China's production of refined copper rose 4.7 percent on the

year in September on expanded production capacity in the world's

top consumer of the metal.

The soft economic outlook prompted Deutsche Bank to slash its

commodity forecasts, slicing nearly 40 percent from its 2009

forecast for copper to just $4,161 a tonne.