While Asia was able to offset any demand and price issues happening in the first half of 2008 in the United States the credit crisis is now pulling the copper market down to almost half of what its mid-year peaks were.

From Mumbai to Seoul, analysts are paring consumption estimates, worried that a global slowdown, a possible recession and depreciating currencies will make life hard for consumers.

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Demand growth is a concern for China, South Korea, Japan and India.