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Copper price hits 16-month high in London on Chilean copper strike votes

Posted on 30 December 2009

From Mineweb.com: London copper prices rallied almost 3 percent to a 16-month peak on Tuesday after the Christmas break, chasing gains made in Shanghai over the holiday period.

Strike votes at two large Chilean copper operations, Codelco’s Chuquicamata mine and Xstrata PLC’s Altonorte smelter, are seen lifting sentiment as the year grinds to a close and investors assess what next from markets that have rallied around 140 percent this year,…………………………………..Full Article: Source

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VRS - who has written 37561 posts on Opalesque Commodities Briefing.


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