Angry rhetoric suggests Chile copper strike could worsen
There still seems to be no end in sight to the strike which has halted production at three of Codelco’s copper mines in Chile as statements from both sides suggest escalation may be on the cards.
Although copper prices have not really risen as a result of the current labour disruptions at the world’s largest copper producer, Codelco of Chile, the cut in supplies has helped support the price just below the $4 a pound mark while other commodities have been showing recent weakness in the face of a stronger dollar, which has just had its best month in 2 ½ years. However, if the escalating rhetoric from the Union leaders is anything to go by, then it looks as though the action could even be stepped up….more at Mineweb.com