BLBG: Copper Climbs in N.Y., Heads to Biggest Weekly Gain Since July
By Ted Bunker
Oct. 23 (Bloomberg) -- Copper prices rose in New York, heading for the steepest weekly advance since mid-July, as supply concerns mounted.
Copper futures for December delivery gained 3.5 cents, or 1.2 percent, to $3.033 a poound at 8:11 a.m. on the New York Mercantile Exchange’s Comex division. A close at that price would be the biggest weekly gain since July 17. Strikes have hampered output in South America and production has been curtailed by a mechanical failure at a BHP Billiton Ltd. mine in Australia.
