Summary Box: Metal prices fall on European worries

AP News
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Posted: Sep 06, 2011 5:38 PM
Summary Box: Metal prices fall on European worries

METALS DOWN: Copper for December delivery fell 6.85 cents to settle at $4.056 a pound. October platinum fell $26.60 to $1,858.20 an ounce and December palladium fell $33.65 to $749.55 per ounce.

DEMAND FEARS: Industrial metals fell along with stock prices. Investors are worried that the European debt crisis could continue to roil financial markets and curtail consumer demand.

FACTORY ORDERS: The value of industrial metals usually tracks investors' confidence about future economic growth. The metals are used as raw materials in many kinds of manufactured goods, from iPads to automobiles.