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Strategies & Market Trends : Aardvark Adventures

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From: ~digs	8/9/2006 11:27:32 PM
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Copper prices in New York jumped 3 percent to a three-week high on concern global supplies will lag behind demand as a strike at Chile's Escondida, the world's largest mine, entered a third day. Copper prices more than doubled in the past year, partly triggered by production disruptions. BHP Billiton Ltd., which owns a controlling stake in Escondida, has failed to reach a wage accord with workers. Escondida supplied 8.5 percent of the world's copper last year. BHP said it may stop deliveries to smelters in Asia and Europe because of the strike. Message 22704416

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