US copper futures dropped to a near-four-year low on Wednesday as concerns about the global economy and waning demand for industrial metals drove the bearish sentiment, while a weak dollar offered mild support. Copper for March delivery shed 0.55 cent to close at $1.3730 per lb on the New York Mercantile Exchange's COMEX division.
Copper demand likely to remain relatively strong in 2009 despite the world economic slowdown chief executive of Norddeutsche Affinerie Europe's largest copper refinery.