(Bloomberg) -- Copper, little changed in New York,
capped a second straight weekly gain as labor unrest raised
concern production may be cut during a time of tight supplies.
Workers have started or threatened strikes in Chile, the
world's largest copper producer, Peru and Mexico. Inventories of
the metal in London have dropped 42 percent this year as
suppliers failed to meet rising demand from China, the world's
biggest consumer of the metal. The price of copper has gained 6.2
percent in the last two weeks amid the labor disputes.
Read more at Bloomberg Commodities News
capped a second straight weekly gain as labor unrest raised
concern production may be cut during a time of tight supplies.
Workers have started or threatened strikes in Chile, the
world's largest copper producer, Peru and Mexico. Inventories of
the metal in London have dropped 42 percent this year as
suppliers failed to meet rising demand from China, the world's
biggest consumer of the metal. The price of copper has gained 6.2
percent in the last two weeks amid the labor disputes.
Read more at Bloomberg Commodities News
No comments:
Post a Comment