Monday, April 16, 2007

Copper Rises on Speculation Mine Protest May Curb Supplies; Nickel Gains

(Bloomberg) -- Copper rose in London for a second consecutive trading session on speculation that a protest at the world's second-largest mine producing the metal and disruption to deliveries from Argentina may curb supplies.

Native Papuan workers at Freeport-McMoRan Copper & Gold Inc.'s Grasberg mine in Indonesia plan a rally on April 18 over wage demands that may disrupt output. Last week, Xstrata Plc, the world's fourth-largest copper producer, said shipments from an Argentinean mine were delayed by flooding.


Read more at Bloomberg Commodities News

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