COPPER IN “TIGHT SUPPLY”
LABOUR TROUBLES B CHILE (N.Z. Press Association— CodmmU. LONDON, SentZ' The steady rise in the prke S*? during recent weeks is reported 7 caused mainly by labour troublMinn the world’s largest producer of this * Disputes over wage claims which resulted in 24 days’ loaj n duction. It also reported that nL! labour disputes seem likely. nei The result is that there is a bility of a “tight supply position for “cash copper,’’ for imrnpdhHy a ery, have risen since August from , sterling a ton to £287 10s. /“t months” copper—for delivery after' lapse of that period—increased from » 15s to £2Q7. London comment is that there k abnormal trade demand for the m nor do rising prices reflect anxietr the United States or elsewhere over ! mosa. But buyers know' that more three weeks’ production in Chile has lost to the -world market, and ftet •uncertainty whether further produc will be lost. The natural result hag) increasing prices.
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Bibliographic details
Press, Volume XC, Issue 27470, 2 October 1954, Page 10
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160COPPER IN “TIGHT SUPPLY” Press, Volume XC, Issue 27470, 2 October 1954, Page 10
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