Wednesday, July 18, 2007

Copper Rebounds as Worker Protests in Chile Curbs Production at Some Mines

(Bloomberg) -- Copper rebounded in New York on
speculation that metal output will fall further in Chile, the
world's largest producer, amid worker protests at some mines.

Chile's state-owned Codelco said output has been reduced at
three of its mines. A four-week strike by contract workers
triggered most of the shotfall. The metal has gained 4.2 percent
in the past month on concern that labor unrest would disrupt
supplies.


Read more at Bloomberg Commodities News

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