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Friday, June 23, 2006

Supply concerns send LME Copper higher!

3-month Copper futures closed higher, but still below the psychologically important $7000 a ton level, on concerns of continued supply disruptions. Labor issues continue to take center stage, with an upcoming labor contract expiring in August at Chile's Escondida Copper mine and a continued strike at the Konkola Copper Mines in Zambia. Read More....