The copper market suspended by threats of strike action in the gigantic Escondida mine

With soaring commodity prices, mining groups are making astronomical profits and cajoling their shareholders. The Chilean workers who work daily in the extraction of copper ore also intend to take advantage of this favorable market context after a trying year. In Chile, the world’s largest producer of the red metal, the employees of three mines are threatening to go on strike, judging their wage demands insufficiently taken into account by the mining giants.

The situation in the Escondida mine, located in the Atacama Desert and operated by BHP, is being watched closely by investors as it is the largest copper mine in the world. For two months, the social partners have been negotiating a revision of salary conditions. But the latest offer of the Anglo-Australian giant was rejected by more than 99% by the miners who, in the process, voted in favor of a strike.

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