Copper fell on Monday as the demand for the red metal was weakened by concerns over the U.S. economic slowdown.

According to the investors, industrial metals such as copper will be directly affected by the U.S. slowdown. Last week, the U.S. Labor Department said unemployment rate jumped to 5 percent, the highest in two years.

Copper for March delivery HGH8 settled down 1.65 cents at $3.1410 per lb on the New York Mercantile Exchange's COMEX division.

Another signal that may decrease copper demand is a decline in U.S. manufacturing. Last week, the Institute for Supply Management said that its manufacturing index dropped to 47.7, where 50 is the dividing line between contraction below and expansion above.

On Friday, contracts of copper futures for March retreated after the government was released.

London Metal Exchange copper for delivery in three months MCU3 ended down $25 at $6,900 per metric ton from Friday's closing level.

Copper