Workers Strike at World's Largest Copper Mine in Chile
Union demands greater share of profits as Escondida mine halts production, impacting global copper market.
Overview
- Union No. 1 represents 98% of frontline workers at the Escondida mine.
- The strike follows failed negotiations over pay and working conditions with BHP.
- Previous strikes at Escondida have significantly disrupted global copper prices.
- BHP has implemented contingency plans to continue limited operations.
- Analysts warn of potential market impact if the strike extends beyond a few weeks.