Monday, June 18, 2007

Copper Futures Rise to One-Month High as Labor Disputes Threaten Supplies

(Bloomberg) -- Copper futures rose to a one-month
high in New York as miners threatened strikes in major producers
including Chile, the world's biggest source of the metal.

Contract workers at Codelco, the world's biggest copper
producer, plan to walk off the job on June 20 and employees at
the company's largest division may set up blockades to pressure
management to boost bonuses. Copper rose to a record in May 2006,
partly because labor unrest disrupted supplies.


Read more at Bloomberg Commodities News

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