- The eyes of the metals industry will be on Chile this week when a new pay deal will be put to workers at Escondida, the world's biggest copper mine.
- In the first nine months of 2016, Escondida produced 750K tons of copper, so the impact of a strike would likely reverberate.
- Although employees have already rejected an initial offer from operator BHP Billiton (NYSE:BHP), a final proposal will be delivered today with a vote scheduled for tomorrow.
- ETFs: JJC, COPX, CU, CPER, CUPM
Strike threats in the copper industry
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