(Bloomberg) -- Copper rose for a sixth straight
session in New York, extending a rally to a seven-week high, on
speculation supplies will be disrupted by mine strikes in Mexico
and Chile as stockpiles dwindle to 10-month lows.
Mexico's National Mining and Metal Workers Union plans a
one-day strike today to press for better safety in mines, a
spokeswoman said. Copper stockpiles monitored by the London Metal
Exchange fell 2.2 percent to 107,950 tons, the exchange said
today, the lowest level since Aug. 10. Copper futures have risen
25 percent this year partly as inventories slumped 41 percent.
Read more at Bloomberg Commodities News
session in New York, extending a rally to a seven-week high, on
speculation supplies will be disrupted by mine strikes in Mexico
and Chile as stockpiles dwindle to 10-month lows.
Mexico's National Mining and Metal Workers Union plans a
one-day strike today to press for better safety in mines, a
spokeswoman said. Copper stockpiles monitored by the London Metal
Exchange fell 2.2 percent to 107,950 tons, the exchange said
today, the lowest level since Aug. 10. Copper futures have risen
25 percent this year partly as inventories slumped 41 percent.
Read more at Bloomberg Commodities News
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