While waiting for news on the US financial bailout package copper has dropped another 2 percentage points.

 Copper prices caught in a spiral of U.S. dollar strength, spreading economic slowdown, and long liquidation – analysts.

Read the article here.

A strike at Xstrata’s Kidd operations will impact copper cathode production.  The London Metal Exchange (LME) warehouse stocks have risen by 450 tonnes and the Shanghai markets are closed for a week-long holiday.