Tuesday, May 1, 2007

Copper Little Changed in Asia as Peru Mine Workers Strike Threatens Supply

(Bloomberg) -- Copper prices were little changed in Asia after they gained the most in two weeks as a strike by mine workers in Peru, the world's third-largest producer of the industrial metal, threatened to disrupt supplies.

Workers at almost half of Peru's 70 mining unions joined the strike, including employees of Southern Copper Corp., Mining Federation Secretary General Luis Castillo said April 30 from Lima. Copper, which has gained 27 percent this year on signs of rising demand, reached a record last May on supply disruptions.


Read more at Bloomberg Commodities News

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