



AnalysisCommodities

Could a union stop production at the world's largest copper mine?

TradingKeyAug 14, 2024 1:23 PM

- A powerful workers union at BHP's Escondida mine, a major global copper producer, initiates a strike to demand a larger share of profits, potentially impacting copper production and prices.

- The union, known for past successful strikes affecting global copper prices, aims to leverage its significant workforce majority, financial strength, and legal protections to negotiate with BHP.

- Despite a smaller strike at Lundin's Caserones mine and current stable copper prices, the Escondida union's demand for a share of dividends poses a significant challenge to BHP, with negotiations ongoing.

Disclaimer: The content of this article solely represents the author's personal opinions and does not reflect the official stance of Tradingkey. It should not be considered as investment advice. The article is intended for reference purposes only, and readers should not base any investment decisions solely on its content. Tradingkey bears no responsibility for any trading outcomes resulting from reliance on this article. Furthermore, Tradingkey cannot guarantee the accuracy of the article's content. Before making any investment decisions, it is advisable to consult an independent financial advisor to fully understand the associated risks.

Popular Instruments

Recommended Articles

[Reuters Analysis] Trump tariffs on Venezuela crude buyers are a potent new tool of US pressure

Tariffs pile pain across economy of sanctions violatorsAnalysts say approach must withstand litigation to be effectiveTariffs may make sanctions enforcement easier, some not so sureBy Timothy Gardner and Marianna Parraga WASHINGTON/HOUSTON, March 25 (Reuters) - A U.S. plan to slap tariffs on coun

[Reuters Breakingviews] China has shaky upper hand in battle of the robots

HONG KONG, March 26 (Reuters Breakingviews) - In January, Chinese President Xi Jinping gathered the country's most powerful corporate chieftains including Huawei founder Ren Zhengfei and Alibaba's 9988.HK Jack Ma in a highly publicised meeting. Among them was Wang Xingxing...

[Reuters Analysis] Donald Trump’s boomerang will hit the US hard

LONDON, March 24 (Reuters Breakingviews) - When you throw a boomerang, you must be careful that it does not swoop back and hit you. Donald Trump risks such ricochet by bullying his allies.

Congressional Stock Trades: Unlock the Wealth Code of U.S. Politicians on Capitol Hill

TradingKey - In the U.S. capital markets, beyond the savvy strategists at major institutions like Goldman Sachs, Morgan Stanley, and JPMorgan, a group of U.S. Congress members has investors’ attention with their market acumen and performance — earning them the nickname "Congressional Stock Gods."

Tesla Stock Roars Higher: Could This Sharp Rebound Continue?

After a rough start to the year, Tesla (NASDAQ: TSLA) stock is suddenly bouncing back. As of this writing, the growth stock has risen more than 20% from lows last week. The big rise comes as investors hunt for bargains in some of the market's hardest-hit names. But while the rebound may feel encoura