Thursday, June 14, 2007

Copper Rises on Concern Miners May Strike in South America; Zinc Declines

(Bloomberg) -- Copper prices rose in Shanghai as
some workers in Chile, the world's largest source of the metal,
plan to strike for higher pay, possibly disrupting supply.

Miners increased salary demands after copper prices jumped
15 percent this year, boosting profit for companies including
Chile's Codelco, the world's largest producer. Contract workers
at Codelco plan to strike from June 20, a labor leader said
yesterday.


Read more at Bloomberg Commodities News

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