Tuesday, 08 May 2007

Copper, Little Changed in New York, May Fall on Increase in Peru Supplies

(Bloomberg) -- Copper prices, little changed in New York, may fall for a second day after Peru's production reached a 27-month high and the nation's miners returned to work.

Copper output in Peru, the world's third-largest producer, rose 5.1 percent to 100,609 tons in March, the government said. Peru's miners ended a five-day walkout on May 4. Supply concerns spurred a 6.4 percent gain in copper futures last week.


Read more at Bloomberg Commodities News

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