Wednesday, May 2, 2007

Copper Drops in London on Speculation Peru Strike to End; Nickel Increases

(Bloomberg) -- Copper snapped three days of gains in London on speculation a strike by miners in Peru, the world's third-largest miner of the metal, will end without disruption to supplies. Nickel rose after stockpiles declined.`

Peruvian miners began a nationwide strike April 30, seeking higher wages and benefits after record copper and zinc prices boosted mining companies' profits. The strike has yet to affect production, Labor Minister Susana Pinilla said April 30.


Read more at Bloomberg Commodities News

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