Concerns about the state of the world economy have driven global copper prices down, in turn cutting royalty payments for governments including Chile’s. That’s led to the application of a stimulus package in Chile, the need for which was increased by a copper mining strike at Codelco’s mines. The impact of that strike can be seen in a 37.9% year over year drop in copper cathode exports associated with Codelco in 2Q, Panjiva’s data shows. That was the result of exports in June having reached their lowest since July 2016. BHP has fared little better with a 27.8% year over year decline with...
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