Thursday, July 5, 2007

Copper Little Changed in Asia as Labor Unrest Threatens Supply; Zinc Falls

(Bloomberg) -- Copper prices were little changed in
Asia as labor unrest in Latin America threatens to disrupt supply
and further deplete global stockpiles, which are at their lowest
in almost 11 months.

London Metal Exchange copper, the global benchmark, has
risen 5 percent since June 25, when contract workers at Chile's
state-owned Codelco, the world's biggest producer, began a strike
to protest for higher pay and bonuses. Still, gains are limited
by reduced demand during the northern hemisphere summer.


Read more at Bloomberg Commodities News

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