A strike that just started at Codelco’s Chuquicamata mine in Chile could cause more trouble for the copper market than most think
As reported by Bloomberg: “A strike at a major copper mine isn’t getting a lot of attention from investors, but it could end up packing a big market punch. As the market focuses on trade wars and geopolitical tensions, thousands of workers downed tools at top copper-producer Codelco’s Chuquicamata mine in Chile on Friday, according to Liliana Ugarte, president of Union No. 2. A prolonged stoppage would tighten global supply in a market where output is already expected to trail demand this year, analysts say…”
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