In Arizona, hundreds of workers received layoff notices from mining companies in response to a weak global demand. Tucson-based Asarco stated that it plans to shut down a concentrator plant in Hayden and slow production at a mine in Ray. The mine has already had two rounds of layoffs this year.

“We’ve always understood mining has a finite life and is very cyclical.”-Ellen Kretsch, executive director of the Globe-Miami Chamber of Commerce stated.

Read more about copper mines and their current financial stability  Asarco Plans Layoffs after Freeport Cuts, Copper Industry Downturn