Copper Rises to 28-Month high – Bloomberg.com

Copper , Metals Nov 05, 2010 No Comments

Copper prices rose to a 28-month high after workers went on strike at a mine in Chile, the world’s largest producer.

Copper futures for December delivery advanced 3.65 cents, or 0.9 percent, to close at $3.9485 a pound at 1:27 p.m. on the Comex in New York. Earlier, the price reached $3.9955, the highest level for a most-active contract since July 3, 2008. The metal rose to a record $4.2605 in May 2008.

via Copper Rises to 28-Month High as Chilean Strike May Curb Output – Bloomberg.com.

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Rod Sherkin

Rod is a former senior executive, responsible for Purchasing, for both Pillsbury and Ball Packaging back in the 80’s and 90’s. Since then, he has continued to work in the Purchasing field as both a consultant and founder of the website Propurchaser.com.

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