Tuesday, July 3, 2007

Copper Futures Rebound in New York on Strike Threats at Chilean Mines

(Bloomberg) -- Copper futures rose to a seven-week
high in New York on concern striking workers will increase
protests in Chile, the world's largest source of the metal.

Contract workers at Chile's state-owned Codelco, the
world's largest copper producer, said yesterday that protests
will worsen unless the company negotiates. The price of copper
gained 2 percent last week as labor unrest that began June 25
cut Codelco output.


Read more at Bloomberg Commodities News

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