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RTRS:METALS-Copper slides on global slowdown fears
 
* Copper down 1.9 pct on LME, 3.2 pct on ShFE
* India lifts its repo rate by 25 basis points to 8.25 pct
* Still no decisive measures to resolve euro zone, U.S. debt
* Coming up: U.S. NAHB housing market index Sept; 1400 GMT

(Updates prices, adds quotes and details)
By Carrie Ho
SHANGHAI, Sept 19 (Reuters) - Copper prices fell on Monday
as investors focused on a possible slowdown in the global
economy, with major developed nations mired in sovereign debt
issues while developing economies combat inflationary pressures.
A partial end to a strike at Freeport McMoRan's
copper mine in Indonesia had little impact on prices.
Three-month copper on the London Metal Exchange fell
1.9 percent to $8,534.25 a tonne by 0441 GMT, after inching down
0.2 percent in the previous session.
The most-active December copper contract on the Shanghai
Futures Exchange SCFc3 dropped 3.2 percent to 63,730 yuan
($9,984) per tonne, catching up with overnight losses in London,
after rising 1.2 percent in the previous session.
"Copper is down today as investors are feeling insecure
about future global demand given the bad news out there. The
euro zone crisis is unsettling while there is still no news on
whether the U.S. will be rolling out a QE3," said CIFCO Futures
analyst Zhou Jie.
Investors will focus on a policy meeting of the U.S. Federal
Reserve on Tuesday and Wednesday, where the Fed could take steps
to increase downward pressure on longer-term interest rates to
help spur a recovery of the world's largest economy.

"Credit remains tight in China and Beijing seems unlikely to
implement any measures to stabilise the world economy this
time," Zhou added.
Chinese Premier Wen Jiabao is still worried about high
prices, according to a statement on the central government's
website on Friday, signalling that the end of the country's
tightening cycle is still not in sight.
India raised interest rates for the 12th time in 18 months
on Friday and signalled more was to come, confounding
expectations that it was coming to the end of its tightening
cycle.

In Europe, Greece pledged on Sunday to take the tough
decisions needed to avoid default but announced no new austerity
measures to secure international bailout funds next month,
failing to ease investor concerns over a possible default

EU policymakers look unlikely to heed U.S. Treasury
Secretary Timothy Geithner's call to scale up the euro zone's
bailout fund, with most economists saying that a default by
Greece is inevitable at some point and that Italy is not out of
the firing line.
Dimming the prospects of boosting the fund, Germany's Social
Democrats beat Angela Merkel's conservatives in a regional vote
in Berlin on Sunday, handing the chancellor her sixth election
defeat this year ahead of a key Bundestag vote on Sept. 29 to
give the European Financial Stability Fund (EFSF) more powers.
Investors also remained cautious about the U.S. economic
outlook as policymakers there debate over how to cut its
deficit.
Supply disruptions in Indonesia have partially abated as
contract workers at Freeport's Grasberg copper mine returned to
work and some output resumed in the midst of a planned one-month
strike. But the union has not agreed a pay deal with the
company.


Base metals prices at 0441 GMT
Metal Last Change Pct Move YTD pct chg
LME Cu 8534.25 -161.75 -1.86 -11.10
SHFE CU FUT DEC1 63730 -2120 -3.22 -11.30
LME Alum 2358.00 -22.00 -0.92 -4.53
SHFE AL FUT NOV1 17215 -135 -0.78 2.23
HG COPPER DEC1 386.10 -7.05 -1.79 -13.03
LME Zinc 2134.00 -25.00 -1.16 -13.04
SHFE ZN FUT NOV1 16415 -430 -2.55 -15.71
LME Nickel 21200.00 -310.00 -1.44 -14.34
LME Lead 2320.50 -40.50 -1.72 -9.00
SHFE PB FUT 15950 -400 -2.45 -13.08
LME Tin 22900.00 -200.00 -0.87 -14.87
LME/Shanghai arb 20

Shanghai and COMEX contracts show most active months
^ LME 3-m copper in yuan, including 17 pct VAT, minus SHFE
third month
($1 = 6.383 Chinese Yuan)

Source