(Bloomberg) -- Copper rose in London after
stockpiles of the metal fell for a 16th consecutive day and on
speculation that miners will strike in Chile, the largest source
of the metal. Nickel and other industrial metal also gained.
Inventories of copper tracked by the London Metal Exchange
declined 900 metric tons, or 0.7 percent to 120,550 tons, the
exchange said today in a daily report. That's the lowest since
Oct. 23. Workers at projects operated by Codelco, the world's
biggest producer, and at Chile's Collahuasi mine have threatened
to strike during wage negotiations.
Read more at Bloomberg Commodities News
stockpiles of the metal fell for a 16th consecutive day and on
speculation that miners will strike in Chile, the largest source
of the metal. Nickel and other industrial metal also gained.
Inventories of copper tracked by the London Metal Exchange
declined 900 metric tons, or 0.7 percent to 120,550 tons, the
exchange said today in a daily report. That's the lowest since
Oct. 23. Workers at projects operated by Codelco, the world's
biggest producer, and at Chile's Collahuasi mine have threatened
to strike during wage negotiations.
Read more at Bloomberg Commodities News
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