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Latest Business News

Metals Prices Climb on Supply Concerns

Monday, June 04, 2007 3:38:23 PM
By LAUREN VILLAGRAN

NEW YORK (AP) - Industrial metals prices moved higher Monday as inventories of zinc, copper and aluminum dwindled.

Elsewhere in the commodity markets, gold prices slipped while other precious metals booked gains; crude oil prices climbed and agriculture futures fell.

Zinc and copper posted the strongest gains on Monday, rising more than 2 percent on the London Metal Exchange as stockpiles continued to shrink. Threat of a strike by workers at several copper and zinc mines owned by Grupo Mexico supported higher prices, according to a BNP Paribas report.


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