London copper ^[1] lost its 1.75 percent gain after the US Senate approved the $700 billion financial plan. Copper fell $12 to $6,148 a tonne.  Copper is up from its Wednesday low of $6,120, the lowest since March 2007.

In base metals the market is looking very heavy ... and there is a growing chance that copper could test last year's low of $5,675 a tonne."

Copper turnover was a high 1,644 lots in electronic dealing, despite the week-long closure of Shanghai ^[2] markets for the National Day holidays.

Read the complete article here ^[3].

Numbers for the Institute for Supply Management (ISM) ^[4] indicated a drop in manufacturing activity to below 50, which suggests a contraction.  September showed 43.5.

Workers at Xstrata's Kidd ^[5] copper-zinc processing facilities in Canada have walked off and and mineworkers in Poland and Peru are also threatening strikes.

But Rio Tinto Ltd/Plc ^[6] Chief Executive, Tom Albanese, said demand from fast-growing China could offset any slowdown elsewhere.

Find the article here ^[3].