Commodities Buzz: Strike at Capstone Copper?s Mantoverde mine in Chile continues

A workers? strike at Capstone Copper?s Mantoverde mine in northern Chile will continue after negotiations between the company and the union failed, the union said on Wednesday. The union in a statement said it expected a lengthy strike and that the mine was almost completely shut down. The concentrator was being fed at 30% capacity with stockpiled inventory that will run out in a couple of days, the statement added. The strike began on Friday after Union No. 2, the mine?s largest, and Capstone failed to reach a collective bargaining agreement.

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