Monday, April 30, 2007

Copper Gains in New York as Peru Mining Strike May Threaten World Supplies

(Bloomberg) -- Copper prices in New York rose the most in more than a week as a strike threatened to slow supplies from Peru, the world's third-largest producer of the metal.

Miners in Peru began their first national strike in three years after weekend talks with the government failed. Workers at two Southern Copper Corp. mines and zinc producer Volcan Cia. Minera SA began the strike today, according to the Mining Federation union. Prices for copper rose to a record in May as mine accidents and labor disputes disrupted supplies.


Read more at Bloomberg Commodities News

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