Wednesday, May 2, 2007

Copper, Little Changed, May Fall on Speculation Peru Strike May End Soon

(Bloomberg) -- Copper futures, little changed in New York, may fall on speculation that a national strike may end soon in Peru, the world's third-largest producer of the metal.

Workers at almost half of Peru's 70 mining unions, including employees of Southern Copper Corp., joined a strike that began April 30. Southern Copper said yesterday the strike may end within two week's because Peru's government will probably declare it illegal. The strike isn't having an impact on production, Labor Minister Susana Pinilla said April 30.


Read more at Bloomberg Commodities News

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