Copper-Mine Strike May Pack Punch as Trade War Distracts Market
Thousands of workers at a major copper mine in Chile, have ceased work in response to an inadequate labor contract offer proposal. While investors are focused on trade wars and other tensions, a sustained strike at the copper mine would have a significant impact on global markets. Evidently, a sustained stoppage at the mine could mean that copper plummets into a greater deficit. However, investors are not concerned at this point because the strike is not expected to endure for much longer.
See "Copper-Mine Strike May Pack Punch as Trade War Distracts Market", Laura Millan Lombrana, Bloomberg LP, June 14, 2019