focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
https://www.ft.com/content/80fdd315-2db4-46fa-a76e-6d3d4eff83e5
Copper futures rallied nearly 4% on Thursday after unionized workers at Chile’s Escondida, the world’s largest copper mine, voted to go on strike over safety concerns. The gains put copper on course for a weekly gain of more than 4%.
The mine, which is majority owned by Australian miner BHP Group (NYSE:BHP), is one of the largest sources of copper in the world. Workers at the mine said they would begin partial work stoppages next week, followed by a complete shutdown later in September.
A 44-day strike at the mine in 2017 had severely tightened global copper supply and sent prices skyrocketing.
Copper futures rallied nearly 4% on Thursday after unionized workers at Chile’s Escondida, the world’s largest copper mine, voted to go on strike over safety concerns. The gains put copper on course for a weekly gain of more than 4%.
The mine, which is majority owned by Australian miner BHP Group (NYSE:BHP), is one of the largest sources of copper in the world. Workers at the mine said they would begin partial work stoppages next week, followed by a complete shutdown later in September.
A 44-day strike at the mine in 2017 had severely tightened global copper supply and sent prices skyrocketing.
Accelerated identification (and presumably acquisition) of copper resources:
22 August 2022
BHP introduces BHP Xplor, a cohort-based accelerator program to support early-stage mineral exploration start-ups find critical resources, such as copper and nickel, to drive the energy transition.
Through this program, we hope to create disruptive results in copper and nickel exploration by identifying new concepts, leveraging new data and testing opportunities at a much faster pace than discoveries to date.
Johan van Jaarsveld, Chief Development Officer, BHP shares, “The demand for future facing commodities, such as copper and nickel, needed to support the global energy transition is forecast to increase in the coming decades – the launch of BHP Xplor will help us accelerate in finding these critical commodities now and into the future.”
https://www.bhp.com/news/articles/2022/08/meet-bhp-xplor