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

Copper Rises in London as Strike Threat Looms; Lead Advances to Record

(Bloomberg) -- Copper rose in London as stockpiles
fell and on speculation that strikes will disrupt production at
operations in Peru and Chile that account for at least 5 percent
of global supply. Lead jumped to a record and nickel climbed.

Workers at Codelco, the biggest copper company, Chile's
Collahuasi mine and Southern Copper Corp.'s Peruvian operations
have threatened to strike over pay demands. Inventories tracked
by the London Metal Exchange fell for the 23rd consecutive day,
the exchange said today in a daily report.


Read more at Bloomberg Commodities News

UPDATE 2-Chinalco to buy Peru Copper for C$840 mln

(Reuters) - The offer of C$6.60 a share is a 21 percent premium to Peru
Copper's 20-day volume weighted average price of C$5.45 on the
Toronto Stock Exchange ended May 23.




The company's shares were up 10 Canadian cents at C$6.45
after the announcement on Monday.


Read more at Reuters.com Mergers News

German Stocks Beat Europe, Emerging Markets, Emulating '60s Earnings Gains

(Bloomberg) -- The best emerging market in Europe is
Germany, and the country's publicly traded companies are getting
cheaper by the day.

Not since the 1960s has industrial Germany looked so
appealing to equity investors in search of earnings growth,
acquisitions and rising consumer spending. Compared with Poland,
where stocks are priced at 17.8 times profit, Germany is still
the bargain, says Herbert Perus, who helps oversee about $58
billion as the head of equities at Raiffeisen Capital Management
in Vienna.


Read more at Bloomberg Stocks News