Monday, July 9, 2007

Copper Rises in Shanghai on Chile Strikes, Chinese Demand; Zinc Declines

(Bloomberg) -- Copper prices rose in Shanghai
following a strike for higher wages by workers at a mine in Chile,
the world's largest source of the metal, and amid speculation
that demand will pick up in China.

The protest is cutting output at Dona Ines de Collahuasi,
Chile's third-largest copper mine, by about 80 percent, union
President Hernan Farias said yesterday. Collahuasi, which is
controlled by Xstrata Plc and Anglo American Plc, produces 2.6
percent of the world's mined copper.


Read more at Bloomberg Commodities News

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