Wednesday, June 20, 2007

Copper Little Changed Amid Concern About South America Strikes; Zinc Falls

(Bloomberg) -- Copper prices were little changed in
Asia amid concern that strikes will disrupt production at Latin
American mines and speculation that China, the world's largest
consumer of the metal, may raise interest rates.

Contract workers at Chile's Codelco, the world's largest
copper producer, may strike today to seek higher pay, and three
unions at Southern Copper Corp. in Peru plan to walk out June 23.
Still, the impact on supply of the metal may be limited by
reduced import demand in China, which has built up stockpiles.


Read more at Bloomberg Commodities News

No comments: