Wednesday, April 18, 2007

Copper Falls Below $8,000 in London as Dispute Threat Eases; Tin Drops

(Bloomberg) -- Copper fell below $8,000 a metric ton in London as a protest by workers at the world's second- largest mine producing the metal failed to disrupt supplies. Tin dropped the most in more than two years.

About 5,000 employees at Freeport-McMoRan Copper & Gold Inc.'s Grasberg operations in Indonesia held a rally today at a nearby town to demand pay increases. Tongoi Papua, the group behind the rally, said it met company officials. New Orleans- based Freeport said production was unaffected.


Read more at Bloomberg Commodities News

No comments: