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Uncertainty in global copper

The global copper market faces uncertainty as doubts arise about the reliability of output from two major Latin American mines in Panama and Peru.

Union strike underway at MMG s Las Bambas copper mine in Peru

A multi-day strike is underway at the Chinese-owned Las Bambas copper mine in Peru, the leader of the workers union said on Monday, as part of its demands to improve profit sharing protocols. Erick Ramos, general secretary of the Las Bambas workers union, told Reuters by telephone that the union is considering an indefinite strike from Nov. 28 if the company does not meet its demands. Las Bambas, which began operations in 2016 and is owned by China's MMG Ltd, is one of the largest copper producers in Peru, the world's second largest producer of the metal.

Union strike underway at MMG s Las Bambas copper mine in Peru

Union strike underway at MMG s Las Bambas copper mine in Peru
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