Copper Rallies Most in Two Weeks as Strike Curbs Chile Shipments
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Copper rallied the most in almost two weeks in New York after a Chilean government official said a strike at a port is curtailing shipments from the country, the world’s biggest producer of the metal.
The strike is restricting exports by 60 percent after Angamos port workers in Chile’s north started protests March 16, Chile Mining Minister Hernan de Solminihac told reporters today in Santiago. Copper also rose as the dollar erased earlier gains, boosting the appeal of commodities as an alternative investment.