(Bloomberg) -- Copper prices rose in Asia on
concern that labor unrest in Chile may disrupt supply, and as
lower-than-expected U.S. inflation boosted the outlook for
demand in the U.S., the world's second-biggest consumer of the
metal.
Chile's Codelco, the world's biggest copper producer, faces
protests by workers demanding bigger bonuses, a union leader
said June 15. In the U.S., chances of an interest rate rise,
which might slow economic growth and copper consumption, were
reduced as consumer prices, excluding food and fuel, rose 0.1
percent last month, compared with 0.2 percent projected by
economists.
Read more at Bloomberg Commodities News
concern that labor unrest in Chile may disrupt supply, and as
lower-than-expected U.S. inflation boosted the outlook for
demand in the U.S., the world's second-biggest consumer of the
metal.
Chile's Codelco, the world's biggest copper producer, faces
protests by workers demanding bigger bonuses, a union leader
said June 15. In the U.S., chances of an interest rate rise,
which might slow economic growth and copper consumption, were
reduced as consumer prices, excluding food and fuel, rose 0.1
percent last month, compared with 0.2 percent projected by
economists.
Read more at Bloomberg Commodities News
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