A strike at the Codelco mine could deprive the market of 10 thousand tons of copper

A strike at a copper mine in northern Chile, which belongs to the world's largest copper producer Codelco, which began in mid-June, may lead to the fact that ten thousand tons of this metal will not enter the world market., Bloomberg reported. Codelco will suffer these losses if the mine workers continue the strike for two weeks. So far, the company failed to negotiate with the unions. The management of Codelco believes that the conditions offered to employees are optimal, while trade unions require the creation of equal conditions for experienced and new employees. Employee requirements are not limited to premium increases. Therefore, on Saturday, by a majority of votes, the workers decided to continue the strike.

26.06.2019
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