(Bloomberg) -- Copper fell in New York, erasing
earlier gains, after Codelco, the world's biggest producer,
reached a wage agreement that averts protests at a mine in
northern Chile.
Workers at the Radomiro Tomic mine last night accepted a
proposal that included a wage increase of 3.7 percent above
inflation, said Arturo Cruz, director of the Mining Union. The
union on June 15 threatened to blockade two Codelco mines to
press for their demands.
Read more at Bloomberg Commodities News
earlier gains, after Codelco, the world's biggest producer,
reached a wage agreement that averts protests at a mine in
northern Chile.
Workers at the Radomiro Tomic mine last night accepted a
proposal that included a wage increase of 3.7 percent above
inflation, said Arturo Cruz, director of the Mining Union. The
union on June 15 threatened to blockade two Codelco mines to
press for their demands.
Read more at Bloomberg Commodities News
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