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The Codelco strike threat, Chile and the copper price

A threatened strike at Chile’s copper giant, Codelco, could knock as much as 0.3%-pts off quarterly GDP growth for every week that workers are on strike and worsen the country’s balance of payments strains. What’s more, it may not even be enough to give a lift to the copper price given subdued global demand. In view of the wider interest, we are also sending this Latin America Update to clients of our Metals Service.

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