(Bloomberg) -- Copper in New York gained as some
miners plan to strike in Chile, the world's largest source of
the metal, and at other producers.
Employees at projects run by Chile's state-owned Codelco,
the biggest producer, and the country's Collahuasi mine have
threatened to walk off the job during wage talks. Miners have
increased salary demands as higher metal prices have boosted
profits for companies, including Codelco. Copper rose to a
record in May 2006, partly because of supply disruptions.
Read more at Bloomberg Commodities News
miners plan to strike in Chile, the world's largest source of
the metal, and at other producers.
Employees at projects run by Chile's state-owned Codelco,
the biggest producer, and the country's Collahuasi mine have
threatened to walk off the job during wage talks. Miners have
increased salary demands as higher metal prices have boosted
profits for companies, including Codelco. Copper rose to a
record in May 2006, partly because of supply disruptions.
Read more at Bloomberg Commodities News
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