Wednesday, July 11, 2007

Copper Gains in New York on Concern Chilean Strikes May Disrupt Supplies

(Bloomberg) -- Copper gained in New York on concern
strikes would disrupt supplies from Chile, the world's largest
source of the metal.

Contract workers at Chile's state-owned Codelco, the world's
largest copper producer, walked off the job on June 25. A strike
at Dona Ines de Collahuasi, Chile's third-largest copper mine, is
in its third day. Copper has gained 7.9 percent in the past month
on labor unrest and falling global stockpiles.


Read more at Bloomberg Commodities News

No comments: