Page 62 - Escondida News Today

A strike by workers for BHP's Escondida and Spence copper mines in Chile entered its fifth day on Monday, as the union awaited a decision by labor authorities over whether substitute workers the company called in are legal, a union leader told Reuters.

A strike by workers for BHPs Escondida and Spence copper mines in Chile entered its fifth day on Monday, as the union awaited a decision by labor authorities over whether substitute workers the... | May 31, 2021

The strike entered its fifth day on Monday, as the union awaited a decision by labor authorities over whether substitute workers the company called in are legal.

By Frank Holmes, U.S. Global InvestorsThe International Energy Agency (IEA) was founded in 1974 in response to oil embargos the previous year that caused the global price of oil to surge 300% from $3 per barrel to $12 per barrel. From the start, the IEA’s mission has been to help member nations deal with major oil supply disruptions.

Copper prices advanced on Friday, buoyed by demand optimism on reports of U.S. President Joe Biden’s plans to make a $6 trillion budget announcement, while supply concerns in top producer Chile also supported sentiment. Biden will also seek to raise the U.S. federal spending to $8.2 trillion by 2031, the New York Times reported, which ...

Shanghai base metals all cruised higher on Friday morning after a key US jobs report signaled a further recovery in the labor market. Meanwhile, their counterparts on the LME were mostly higher on the board.

Copper prices advanced on Friday, buoyed by demand optimism on reports of U.S. President Joe Biden's plans to make a $6 trillion budget announcement, while supply concerns in top producer Chile also supported sentiment.

Shanghai copper advanced on Friday as traders bet on prospects of a massive U.S. federal spending, while supply concerns in Chile also lent support to prices.

The world’s no.1 copper producer will need to execute $35 billion in structural investments until 2030 just to keep output flat.

LIVE FUTURES REPORT 27/05: LME zinc up 1.6%, copper above $10,000/t over morning London Metal Exchange prices rose on the morning of Thursday May 27, with copper and zinc climbing above their recently set psychological levels following year-to-date highs and nickel continuing its stride forward following a 1.5% rise on Wednesday. The LME three-month copper price was $10,038 per tonne at 9am London time, a 0.6% rise from Wednesday’s close of $9,979 per tonne. The copp...