Thursday, June 14, 2007

Copper Jumps in New York on Chilean Supply Concerns Amid Strike Threats

(Bloomberg) -- Copper rose in New York for the
second day in a row as miners plan to strike in Chile, the
world's largest source of the metal, and in other mining
nations, threatening to curtail output.

Contract workers at Chile's state-owned Codelco, the
world's biggest copper producer, plan to begin a strike on June
20, cutting production, a labor leader said yesterday. Workers
at the country's Collahuasi mine have also threatened to walk
off the job during wage talks. Copper rose to a record $4.04 a
pound in May 2006, partly on supply disruptions.


Read more at Bloomberg Commodities News

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