Chile Mine Strike Over

Home / Metals / Chile Mine Strike Over

Chile Mine Strike Over

At the second copper mine workers voted to end a strike due to pay, but is now set to continue.

Workers at the Chuquicamata mining complex based in Chile have accepted a new pay deal and additional bonus, which sees the end of 2 day strikes.

Worry about the stoppage’s affect on production has soared copper prices to a 16 month high.

Chuquicamata gives up to 4% of the worlds copper, along with Codelco which is the biggest copper producer in the world.

Market reaction to the information was low-key, as copper prices rose by 1% on Wednesday- increasing a 16 months high on the London Metal Exchange.