China copper smelters bracing for shortage of vital scrap metal
Around 30% of China’s refined copper production used scrap metal as a feedstock in 2023.
Unionized workers at Chile’s Collahuasi copper mine went back to their jobs Tuesday after staging a 24-hour strike over issues such as lunch breaks and health coverage.
Collahuasi, one of the world’s largest copper mines, co-owned by Glencore (LON:GLEN) and Anglo American (LON:AAL), was back to normal at 7:00 am, according to local newspaper La Tercera (in Spanish).
The company had said it considered the stoppage illegal.
Last year, the mine produced close to 470,400 tonnes of copper, or about 8% of world’s top producer Chile’s total output.
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