Tuesday, April 17, 2007

Copper Extends Gains on Strike Threat After Mine Workers' Meeting Canceled

(Bloomberg) -- Copper rose for a third consecutive session in London after a meeting between the management of Indonesia's Grasberg mine and a worker's group was canceled, raising the threat of a work stoppage at the world's second- largest copper mine.

Copper for delivery in three months on the London Metal Exchange gained $19, or 0.3 percent, to $7,749 a ton as of 12:12 p.m. local time. The contract earlier fell as much as 0.8 percent to $7,665 a ton.


Read more at Bloomberg Commodities News

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