BHP's Chile Union Strikes on July 16 as Copper Concentrate Processing Fee Hits Record Low of $146/ton

BHP-0.37%
XCU1.02%
According to Huawen Futures report, BHP's Chile union held an 8-hour strike on July 16, with limited impact on actual production but increased market focus on labor risks. Import copper concentrate processing fees dropped to $146 per dry ton, marking a historic low amid tight supply. Chile faced severe winter storms threatening copper and refined copper exports. Global wet-process copper production faces sulfuric acid supply constraints linked to Middle East geopolitical tensions. Domestic copper inventory continued drawdown as smelter maintenance reduced arrivals and demand remained at seasonal lows.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments