(Bloomberg) -- Copper headed for a second straight
weekly gain in London on speculation demand will exceed supplies
amid stockpile declines and labor disputes at mines in Chile,
the largest source of the metal. Nickel fell for a fifth week.
Inventories tracked by commodity exchanges in London, New
York and Shanghai shrank 7.4 percent this week to 208,636 metric
tons, the equivalent of five days of global use. Contract
workers at Chile's Codelco, the biggest copper producer, have
been on strike since June 25. Miners at Dona Ines de Collahuasi,
Chile's third-biggest copper mine, are demanding higher wages.
Read more at Bloomberg Commodities News
weekly gain in London on speculation demand will exceed supplies
amid stockpile declines and labor disputes at mines in Chile,
the largest source of the metal. Nickel fell for a fifth week.
Inventories tracked by commodity exchanges in London, New
York and Shanghai shrank 7.4 percent this week to 208,636 metric
tons, the equivalent of five days of global use. Contract
workers at Chile's Codelco, the biggest copper producer, have
been on strike since June 25. Miners at Dona Ines de Collahuasi,
Chile's third-biggest copper mine, are demanding higher wages.
Read more at Bloomberg Commodities News
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