Monday, June 18, 2007

Copper Is Little Changed in New York; Chilean Strikes May Disrupt Supplies

(Bloomberg) -- Copper was little changed in New
York after rising to a one-month high as miners threatened
strikes in Chile, the world's biggest source of the metal, and
other producing countries.

A union at Dona Ines de Collahuasi, Chile's third-largest
mine, may strike next month after owners Xstrata Plc and Anglo
American Plc refused to sweeten a wage offer, a labor leader
said today. Copper rose to a record $4.04 a pound in May 2006,
partly because of supply disruptions.


Read more at Bloomberg Commodities News

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