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Growing anxieties about a global outbreak of swine flu and its impact to thwart any potential economic recovery drove industrial metal prices lower on Monday, coupled with the strong U.S. dollars and soft U.S. stock market, copper sank to its lowest level in three weeks. London Metal Exchange (LME) copper for three-months delivery MCU3 last traded at $4,310 a tonne, down $172.5. LME copper stocks fell by 4,275 tonnes to 425,275 tonnes. Copper for July delivery HGN9 was trading down 5.60 cents to $1.9940 a lb on the New York Mercantile Exchange\'s COMEX division. Copper losses slowed by falling inventories and rising canceled warrants. It\'s estimated that the copper market will keep weakening and lingering near USD4300/MT.
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