Thursday, June 28, 2007

Copper Gains in New York on Concern Strikes in Chile Will Disrupt Supplies

(Bloomberg) -- Copper in New York gained the most in
two weeks on concern that strikes in Chile, the world's largest
source of the metal, will disrupt global supplies.

Codelco, the world's biggest copper producer, said a strike
by contract workers reduced output at mines and a smelter in
Chile. A union at Dona Ines des Collahuasi, the country's third-
largest copper mine, voted yesterday to strike next month. The
metal rose to a record high in May 2006 as labor unrest and mine
accidents disrupted production.


Read more at Bloomberg Commodities News

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