Thursday, July 12, 2007

Copper Rises in Asia, Reversing Losses on Latin America Supply Concerns

(Bloomberg) -- Copper prices rose in Shanghai,
reversing earlier losses, on concern labor disputes at Latin
American mines may disrupt supplies at a time of falling global
inventories.

Codelco, the world's biggest copper producer, said yesterday
that protests by striking contract workers cut output for a third
straight day. Inventories tracked by the London Metal Exchange
fell for the 13th consecutive day to 98,625 tons today, the
lowest in almost a year, the exchange said.


Read more at Bloomberg Commodities News

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