Chilean copper miners at Codelco, the world’s largest producer, walked off the job and set the stage for what may be the first-ever nationwide strike by copper miners as workers push for greater job security.
The Codelco strike will last for 24 hours, union leader Miguel Lopez said by phone today from the Chuquicamata mine. Workers are also set to put down tools at Anglo American Plc (AAL) and BHP Billiton Ltd. (BHP) mines, union worker Raimundo Espinoza said yesterday.
Copper for delivery in three months rose 1 percent to $7,522.25 a metric ton by 11:38 a.m. on the London Metal Exchange.
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