(Bloomberg) -- Shanghai copper fell to its lowest in almost three weeks after a forecast for lower U.S. housing starts raised concern that demand may slow and Peru's government declared illegal a miners' strike planned for April 30.
Single-family housing starts will fall to 1.16 million this year, the lowest since 1.13 million in 1997, said the National Association of Home Builders, yesterday in Washington. Most of Peru's unions failed to present strike petitions within five working days of the planned walkout, as required by law, Labor Minister Susana Pinilla said in Lima yesterday.
Read more at Bloomberg Commodities News
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment