Workers at BHP’s Escondida copper mine will strike after failing to reach agreement 

Commodities

Reuters was first to report that workers at BHP’s Escondida copper mine in Chile, the world’s largest, would go on strike after failing to reach an agreement with the company.  The stoppage has potential to have a lasting impact, reminiscent of the last major Escondida walkout in 2017, which hit BHP’s copper production and pushed up global prices of the metal, used to make wiring and nearly every single electronic device. 

Market Impact

The stoppage has potential to have a lasting impact, reminiscent of the last major Escondida walkout in 2017, which hit BHP’s copper production and pushed up global prices of the metal, used to make wiring and nearly every single electronic device.