The resolution coincides with diminishing strike risks at BHP's Escondida, the world's largest copper mine and source of 5% of global supply. While copper prices have risen over 15% in 2026, stability at both sites has tempered bullish market sentiment. Escondida accounts for 25% of Chilean output in a sector where production fell 12.8% year over year in August, and its supervisory union had previously threatened a walkout over pay and the use of biometric data.
Tuesday, October 20, 2026
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Antofagasta Ends Centinela Mine Strike After Deal With Unions
Commodities3 days ago
Production is resuming at the Centinela copper mine in Chile after a labor agreement resolved a standoff that had halted activities at the site. Antofagasta reached the deal with labor unions on Oct. 18, concluding a series of negotiations that had continued since the onset of the strike to restore output at the facility.
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