China’s copper costs driven up by Maike’s woes, output glitches
China's copper buyers face higher costs for the metal this year, buyers and analysts said.
The world’s largest copper producer, Codelco, is facing a 24-hour strike on Monday in opposition to a plan that workers say would move Chile’s state-owned mining corporation toward privatization.
The Federation of Copper Workers , which represents 15,000 of the company’s 20,000 employees, called for the strike, which will be the company’s first in 18 years.