Thursday, June 28, 2007

Copper Rises for a Second Day on Concern Labor Disputes Will Curb Supplies

(Bloomberg) -- Copper prices in Asia rose for a
second day as labor disputes at mines in South America,
including a strike by contract workers at the world's largest
producer Codelco, raised concerns that supply may be disrupted.

Protesters stormed a processing plant yesterday at
Codelco's Radomiro Tomic mine in northern Chile, according to
the company's press office. The site produces 18 percent of
Codelco's output, said Luis Galvez, a union director.


Read more at Bloomberg Commodities News

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