MCX Copper News Update

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MCX Copper News Update

MCx Copper News prices gained on tuesday as traders awaited the outcome of a union vote at the escondida mine in chile that could result in some short term supply disruption. The latest reports from the escondida mine, majority owned by BHP billiton LTD, suggest workers will reject their latest pay offer in a vote concluding tuesday.

Under chilean law, if workers reject the offer they may hold mediated negotiations with management for five days before beginning a strike.

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