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A recent article titled ‘Indefinite strike at Escondida may impact copper prices‘ – reading time 1 minute – reported that about 2,300 workers at BHP’s Chile Escondinda 3,000 tonnes per day copper mine launched an indefinite work stoppage over unresolved disputes.  From my perspective that this has happened is somewhat of a non-event.  However, that at least someone believes that it may impact copper prices is interesting to say the least, and something worth noting.  Simply put, it strikes me that if the output from one copper mine somewhere in the world, irrespective of size, could affect the copper price to the point where it might be material enough to merit mention in the context of a potential copper price increase, that speaks volumes about potential copper supply issues as some future date – akin to ‘peak oil’ issues in the context of oil supply.  This could, of course, also constitute ‘sensationalism reporting’.

Something to think about.

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