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Copper price resurgent as workers strike at BHP’s Spence, Escondida mines
Spence open pit mine in northern Chile. (Credit: BHP)

Copper prices jumped on Thursday after a union of remote workers for BHP’s Escondida and Spence copper mines in Chile walked off the job, fueling uncertainty over the global supply of the red metal.

The strike at the world’s largest copper mine, and at the smaller Spence comes as copper prices have spiked amid soaring demand as the world’s largest economies revive following more than a year of coronavirus-induced stagnation.

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Spence open pit mine in northern Chile. (Credit: BHP)

Copper prices jumped on Thursday after a union of remote workers for BHP’s Escondida and Spence copper mines in Chile walked off the job, fueling uncertainty over the global supply of the red metal.

The strike at the world’s largest copper mine, and at the smaller Spence comes as copper prices have spiked amid soaring demand as the world’s largest economies revive following more than a year of coronavirus-induced stagnation.

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