Thursday, July 12, 2007

Copper steady on tight supply, global woes cap price

(Reuters) - Falling stocks and a strike in the world's biggest copper producer Chile kept prices steady on Thursday, although global economic concerns dragged on the market.

Mining equities were boosted by news of the latest merger announcement that Rio Tinto had agreed to buy Canadian aluminium giant Alcan Inc. for $38.1 billion, creating the world's biggest aluminium firm.


Read more at Reuters Africa

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