Monday, June 18, 2007

Copper Futures Gain for 4th Straight Session as Strikes Threaten Supplies

(Bloomberg) -- Copper futures rose for the fourth
straight session in New York as miners threatened strikes in
major producers including Chile, the world's biggest source of
the metal.

Contract workers at Codelco, the world's biggest copper
producer, plan to walk off the job on June 20 and employees at
the company's largest division may set up blockades to pressure
management to boost bonuses. Copper rose to a record in May 2006,
partly because labor unrest disrupted supplies.


Read more at Bloomberg Commodities News

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