WIth central banks cutting interest rates globally copper has narrowed its losses after having fallen more than seven percent with financial crisis concerns.

The U.S. Federal Open Market Committee ^[1], the policy-setting arm of the U.S. Federal Reserve, cut benchmark lending rates by half a percentage point to 1.5 percent in an action coordinated
with other central banks.

Read the entire article here ^[2].

The International Copper Study Group ^[3] (ICSG) expects to see a copper surplus of 100,000 tonnes for 2008.  Europe's biggest copper miner, KGHM ^[4] KGHM.WA, anticipates their third quarter revenue to be lower than a year-ago period.  KGHM may go so far as to reduce their 2008 forecasts as demand for certain copper products has lessened.