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Friday, November 28, 2008

UPDATES ON NOV 28 2008

NOV 28 FRIDAY

Copper fell on concern a slumping U.S. economy will crimp


consumption of Chinese imports and demand for industrial


metals in the Asian economy.


Copper usage in the U.S., the largest buyer after China, fell


9 percent in the first eight months and demand in China rose


13 percent, according to the International Copper Study Group.


Copper for delivery in three months declined $59 to


$3,696 a ton.


Copper inventories gained 2,375 tons to 288,725 tons.

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