Unions at Antofagasta's Centinela copper mine reach preliminary deal to end strike

what happened

Workers from two unions striking at Antofagasta's Centinela copper mine in Chile reached a preliminary agreement on a new collective contract and agreed to end a strike that had lasted more than a week. The union announced this late on Friday in a statement to its members, according to ru.tradingview.com.

The unions called a meeting on Friday night to present the deal to members. It will then go to a ratifying vote on Saturday.

why it matters

For the copper market, the agreement lowers the risk of supply disruption from one of Chile's major mines. If members approve the deal, operations at Centinela could resume, easing concerns about supply. The outcome of Saturday's vote is worth watching, since a rejection would bring renewed uncertainty.

market impact

Copper: lower risk of supply disruption from Chile eases price support

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