Copper Extends Fall in Price
Copper prices have slid as mixed trade data revived fears about China's economy, despite showing a surge in imports of the metal.
Benchmark copper on the London Metal Exchange closed 0.8 per cent down at $US5,273 a tonne, tumbling from near a three-week high after data showed a sharp drop in Chinese imports for September.
This weighed on the market, although monthly copper imports rose by a third to a 20-month high as price differentials and more shipments ahead of last week's holiday in China boosted trade. Overall, yearly copper imports were down 5.3 per cent.