Posted AT 6:10 PM EST on 23/01/08
Recession fear pushes copper price down
LONDON — Copper drifted lower on Wednesday as fears of a looming recession in the United States persisted despite an aggressive rate cut by the U.S. Federal Reserve Board.
Copper for three-month delivery on the London Metal Exchange ended the day at $6,870 (U.S.) a tonne, down $150 from its close on Tuesday, when it rallied 5 per cent move from a day-low of $6,675.
The U.S.
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