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Another bad sign for copper demand appeared in the news today. In the UK, Jaguar Land Rover plans to lay off 850 agency workers, mostly IT and engineering staff, at plants in West Midlands and Warwickshire. Staff members at Castle Bromwich, Solihull, Whitley and Gaydon are told that they will lose their jobs by the end of this year. The company claimed the decision as 'responsible and rapid action for the challenging environment it faces'. The company employs 16,000 staff at plants in the region at the moment.

A fire broke out at Mueller Industries' Wynne factory, severely damaging a building which houses the facility's casting operations for copper tube production, as well as the manufacturing of PVC fittings and fabrication of line sets for air conditioning applications. No one was injured in the fire, however it was reported that 170 of the plant's 465 employees have been laid off. The company hopes to spread lost production amongst its 16 other US-based facilities, secure third-party sourcing and provide ongoing supply to customers.