Copper strike uncertainty cools after Los Pelambres pact

The recent heightened threat of potential strikes at copper mines in Chile has started to fade, as Antofagasta (LN:ANTO) reportedly reached an agreement with workers at Los Pelambres, avoiding a walkout.

Industrial action has reportedly been avoided at Antofagasta's Los Pelambres copper mine

In addition to this, a labour dispute at First Quantum Minerals' (CN:FM) Cobre Panama mine in Panama has been resolved, Chile's state-owned miner Codelco has reached an agreement with workers at its Ministro Hales mine and BHP (AU:BHP) has contacted the union at Escondida for early labour negotiations.