Thursday, April 12, 2007

Copper Rises to Seven-Month High on Dispute at Codelco, World's Top Miner

(Bloomberg) -- Copper rose to a seven-month high in London after workers at Codelco, the world's biggest producer of the metal, blocked the entrance to the company's largest mine following a labor dispute.

About 20 employees used their cars yesterday to prevent traffic from entering the Chuquicamata copper mine in northern Chile, said Miguel Lopez, a director at Workers' Union No. 3 at the mine. The protest slowed output, the union said. Codelco said yesterday that production was unchanged.


Read more at Bloomberg Commodities News

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