ARANCA News Report (www.aranca.com) 
London, Monday, August 11, 2008 :
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Copper slides amid weakening demand due to global economic slow-down.

As uncertainties cloud the global economy outlook, commodities such as copper seem to have run aground. On London Metal Exchange (LME), copper prices have fallen 18% to their three-month low of $8,940 a metric ton while the September futures of copper fell 19% on the New York Mercantile Exchange. The copper inventories rose 24% to 151,100 metric tons on August 7, 2008.

Analysts say rising inventory and the fear of falling demand are the chief causes of copper price decline. The slowdown of the US economy has led to a slide in demand for copper in the housing and construction segment, which is the second largest user of copper. The demand also fell in manufacturing sectors such as automobiles and home appliances.

A slow-down in the Chinese economy- the largest consumer of copper, has also negatively impacted the price of

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