Wednesday, June 27, 2007

Copper Rises in New York, Paring Declines, on Strike Threat at Chile Mine

(Bloomberg) -- Copper rose in New York, erasing
earlier losses, after workers at a Chilean mine said they may
vote today to strike next month.

About 70 percent of workers at Dona Ines de Collahuasi,
Chile's third-largest copper mine, are set to reject a wage
offer and walk off the job in July, a union leader said today.
Chile is the world's largest source of the metal. Copper reached
a record high in May 2006 as labor unrest disrupted supplies.


Read more at Bloomberg Commodities News

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