Asarco announced to cut copper production in Arizona

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Asarco announced to cut copper production in Arizona. The United Steelworkers union (United Steelworkers unio...

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> The company blamed all this on the decline in copper prices.

> COMEX December Copper (0, -39210.00, -100.00% ) fell to $2.2945 per pound on Monday.

Manny Armenta, a worker representative for the United Steelworkers union in Arizona, said the union was unprepared for the planned output cuts, three months after Asarco laid off less than 100 workers at a project in the southwestern United States.

"I think they can weather the storm," Armenta said in an interview.

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