(Bloomberg) -- Copper prices rose in Asia on concern
about supply shortages as labor unrest in Latin America threatens
to further deplete global stockpiles that are at their lowest
since December.
Contract workers at Chile's Codelco, the world's biggest
copper miner, have been on strike since June 25, while a union at
Dona Ines de Collahuasi, Chile's third-largest mine, plans to
begin a walkout today. Inventories tracked by exchanges in London,
New York and Shanghai shrank 7.4 percent last week to 208,636
metric tons, the equivalent of five days of global use.
Read more at Bloomberg Commodities News
about supply shortages as labor unrest in Latin America threatens
to further deplete global stockpiles that are at their lowest
since December.
Contract workers at Chile's Codelco, the world's biggest
copper miner, have been on strike since June 25, while a union at
Dona Ines de Collahuasi, Chile's third-largest mine, plans to
begin a walkout today. Inventories tracked by exchanges in London,
New York and Shanghai shrank 7.4 percent last week to 208,636
metric tons, the equivalent of five days of global use.
Read more at Bloomberg Commodities News
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