Copper prices rose toward $14,700 a ton after union leaders warned the strike could tighten global supply. The Escondida facility is the largest copper mine in the world and is responsible for about 5% of total global production.
Tuesday, October 20, 2026
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BHP Negotiates to Stop Strike at Mine Providing 5% of Global Copper
Commodities6 days ago
Supervisory workers at the Escondida site in Chile are meeting with management to avoid a walkout scheduled for Wednesday. The negotiations follow a collapse in mediation over a collective labor agreement, during which the union accused BHP of demanding workers relinquish core benefits and share private biometric data with third parties. The union had previously offered to accept 90% of the company's proposal in exchange for pay rises and production bonuses.
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