(Bloomberg) -- Copper fell from a seven-week high in
New York on concern gains may have been exaggerated.
The metal rose 2 percent last week as strikes in Chile, the
world's biggest copper producer, threatened global supplies.
Labor unrest is a ``short-term'' threat to copper and prices will
fall as demand slows, Jochen Hitzfeld, a Munich-based analyst at
UniCredit SpA, wrote in a report yesterday.
Read more at Bloomberg Commodities News
New York on concern gains may have been exaggerated.
The metal rose 2 percent last week as strikes in Chile, the
world's biggest copper producer, threatened global supplies.
Labor unrest is a ``short-term'' threat to copper and prices will
fall as demand slows, Jochen Hitzfeld, a Munich-based analyst at
UniCredit SpA, wrote in a report yesterday.
Read more at Bloomberg Commodities News
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