Just went to the USW web-site on ASARCO negotiations to catch-up on the status after my recent trip to the north woods of Michigan.
Bottom line ........ things are not going well. ASARCO is continually adding items which are very distasteful or even deal breakers to the USW.
Looks to me like ASARCO is very serious about lowering costs even if it ultimately results in a work stoppage.
The question is will the USW ultimately "step off the cliff" and strike and do they really have the support of their members for the "big step"?
All very interesting ..... and in my view, somebody will have to SIGNIFICANTLY back-off their current positions ...... only time will tell who caves-in. But each week that negotiations continue tells me that the USW has no real desire to take the "big step" (at least until after year-end).
Hmmm .... here's a thought.
Would a strike at ASARCO create a larger market for SCCO copper?
If I were SCCO I'd be looking at a way to help assure ASARCO customers a ready supply of copper ...... seems to me it's the right thing to do ...... just helping out valued customers.
SCCO produces all the copper they can and sell all they produce. In addition, a very high percentage (80 to 90 if I remember correctly) is sold to regular customers under annual or longer term contracts. In short, scco does not have the capacity to serve Asarco customers.
I think a more interesting item you reported on earlier is Grupo's demand that a buyer of Asarco does not have to assume the union contract.