Copper sinks to 17-month low as recession fears dominate trade

Copper fell to the lowest level in 17 months, with metals extending losses as global recession fears continue to damp the demand outlook for commodities. 

Sentiment remains sour for the industrial materials used in everything from construction to new energy vehicles. Copper, widely considered an economic bellwether, is trading solidly below $8,000 a ton, after metals posted their worst quarterly slump since the 2008 financial crisis. 

Concerns that the US may be heading into recession are dominating copper trading, Citic Futures Co. said in a note. Prices will likely drop in the medium to longer term, though a technical correction higher is