Copper falls on China oversupply, global economy woes

Copper fell more than 1.5 percent in the early European trade on Monday, on the back of a looming oversupply in China, the world's top consumer of the metal, amid a still-uncertain outlook for the global economy.

PRICES

* Three-month copper on the London Metal Exchange fell as low as $4,343 a tonne, nearing a three-week low, and was at $4,394 a tonne by 0652 GMT, versus $4,450 a tonne at the close on Friday.

* Three-month aluminium was softer at $1,510 a tonne, from Thursday's $1,522.

DATA/EVENTS

* Eurostat Trade due at 0900 GMT.

* HELSINKI - ECB Governing Council member and Bank of Finland Governor Erkki Liikanen hosts a seminar on 10 years of the euro currency (starts 1400 GMT).

Copyright and Exemption Declaration :¢ÙAll articles, pictures and videos that are marked with "China Aluminum Network" on this website are copyright and belong to China Aluminium Network (www.alu.com.cn). When transshipment, any media, website or individual must list the source from "China Aluminium Network (www.alu.com.cn)". We seek legal actions against anyone that disobey this. ¢ÚArticles that marked as copy from others are for transferring more information to readers, do not represent or endorse their opinions or accuracy and reliability. When other media, website or individuals copy from our website, must keep the source. Anyone that changes the articles' sources will hold the responsibilities for copyright and law problems. We also seek legal actions against anyone that disobey this. ¢ÛIf any articles copied by our website concern the copyright and other problems, please contact us within one week.