Wednesday, June 27, 2007

Copper Rises in Shanghai as Contract Workers Strike at Codelco; Zinc Gains

(Bloomberg) -- Copper prices in Shanghai rose for
the first day in five on concern that supply may lag behind
demand as a strike by contract workers at Chile's Codelco, the
world's largest producer, reduced output.

Protesters throwing rocks delayed employees as they went to
work at the company's Andina and El Teniente divisions,
Executive President Jose Pablo Arellano said yesterday. Output
at Codelco's Ventanas smelter was also cut, although the amount
of lost production could not be estimated.


Read more at Bloomberg Commodities News

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