Copper Futures Climb in New York on U.S. Economic Data, Peruvian Strike

(Bloomberg) -- Copper prices in New York headed for the biggest weekly gain in a month on signs of U.S. economic growth and concerns a miner strike in Peru, the world's third- largest producer of the metal, will curtain supplies.

Separate reports showed that factory orders and manufacturing activity were higher than forecast in the U.S., the world's second-largest consumer of the metal after China. Workers at almost of half of Peru's 70 mining unions joined a walkout that began April 30. Copper is up 30 percent this year on an expanding global economy and dwindling stockpiles.


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