(Bloomberg) -- Copper rose for a third session in New York on concern that labor disputes will exacerbate shrinking supplies of the metal at a time when demand may be increasing, as signaled by an unexpected jump in U.S. housing starts.
Workers at Freeport-McMoRan Copper & Gold Inc.'s Grasberg mine in Indonesia, the world's second-biggest source of copper, canceled talks with the company today and are planning to rally for higher wages tomorrow. Global stockpiles of the metal declined 1 percent, the biggest daily drop since March 23.
Read more at Bloomberg Commodities News
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