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Codelco, BHP Face Disruptions as Unrest Sparks Copper Strikes

Chile 83 Materials - Metals/Mining 635 Metals - Copper 55 Strikes 36

Civil unrest in Chile has spread to the copper industry, including strikes aimed at Codelco. That’s come as Chilean exports of copper ore and cathode had started to recover. Shipments of copper from Chile globally rose 6.9% year over year in August after falling by 4.9% in 2Q and slipping 4.3% lower in July. Exports to China expanded by 10.7% in August, while shipments to Japan and South Korea continued to fall. Codelco is the largest exporter of copper cathode from Chile, representing 41.6% of total exports in the 12 months to Aug. 31. That’s despite exports dropping by 39.9% year over ...

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