Wednesday, April 18, 2007

Copper Trades Above $8,000 for Second Day on Indonesia Rally; Tin Drops

(Bloomberg) -- Copper rose in London, trading above $8,000 a metric ton for a second day, on speculation a protest by workers at the world's second-largest mine will disrupt supplies.

About 5,000 employees at Freeport-McMoRan Copper & Gold Inc.'s Grasberg operations in Indonesia held a rally at a nearby town to demand pay increases. Representatives from Tongoi Papua, the group behind the rally, have been meeting company officials, a group spokesman said. Freeport said production is normal.


Read more at Bloomberg Commodities News

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