BLBG: Copper Prices Climb in N.Y. on Supply Concerns, Weakening Dollar
By Ted Bunker
Oct. 8 (Bloomberg) -- Copper futures rose the most in a week in New York on concern that output may be disrupted at BHP Billiton Ltd. mines in Australia and Chile and as the dollar declined.
Copper futures for December delivery jumped 8.85 cents, or 3.2 percent, to $2.868 a pound at 8:14 a.m. on the New York Mercantile Exchange’s Comex unit. A main transport shaft was shut at BHP’s Olympic Dam mine, reducing output, and workers at the company’s Spence mine in Chile plan to strike on Oct. 13. The dollar slid as much as 0.8 percent against a basket of six major currencies.
