The whole world of commodities in one App!

Watch Management & Expert Interviews, Site-Visit-Videos, News Shows and receive top and up to date Mining Information on your mobile device worldwide!

Download our unique App for free!
Commodity-TV Play Store
Commodity-TV App Store

Social Media

Strikes can drive up copper prices

A strike at Chile's largest copper mine, the Escondida mine, has just been called off. But the threat of a strike looms ever larger.

Receive up-to-date information about the company directly via push notification

If strikes last longer, this can reduce the copper supply and drive up the copper price. The world's largest copper mines are located in Chile. About 28 percent of the world's copper comes from the country. China's demand, which is extremely robust, also acts as a price driver. Strikers at Chile's JX Nippon's Caserones copper mines and Codelco Andina Mine are demanding better benefits and higher wages. The Andina mine produced over 184,000 tonnes of copper in 2020. Strikes are also currently threatening two other copper mines in Chile, Cerro Colorado and Salvador.

Strikes often last for weeks. As a result, voices are already being raised that see higher copper prices. The copper price reached a new all-time high as recently as May, because copper, a metal of the economy, is in high demand. Infrastructure projects, renewable energies and electromobility devour copper, as do house construction and electronics. So, it's worth watching the strike activity.

One thing that could reduce demand for the reddish metal would be a delaying reopening of the economy by the delta variant of the pandemic, although this would probably only be a short-term effect. Demand from key sectors should remain intact, according to experts at UBS, for example. The decarbonisation initiatives are providing confidence among copper experts for a price rally.

So, it's time to take an interest in companies with copper in their projects. Copper Mountain Mining holds a 75 percent stake in the producing Copper Mountain Mine in British Columbia. The second quarter of 2021 was very successful in terms of production volume and also cash flow. GoldMining owns the projects Titiribi and La Mina in Colombia, both containing copper, gold and silver, further projects in North and South America are in the portfolio.

Current corporate information and press releases from Copper Mountain Mining ( and GoldMining (


In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also

Always up to date with the newsletter from SRC

Swiss Resource Capital AG will use the information you provide in this form to keep in touch with you and to provide you with updates and marketing information. To receive our news, you still have to give us permission to send you E-Mails below.

You can change your mind at any time by clicking on the Unsubscribe link, which you can find in the footer of every email you receive from us, or by contacting us at [email protected] We will treat your information with care and respect. For more information about our privacy practices, visit our website. By clicking below, you agree that we may process your information in accordance with these Terms.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here.

* indicates required
SRC Mining & Special Situations ZertifikatSRC Mining & Special Situations Zertifikat