Codelco Hasn't Offered Spot Refined Copper to China for Two Weeks

Reuters reported that Chile’s Codelco hasn’t offered refined copper to China on the spot market for two weeks due to fears that a protracted strike could threaten longer term shipments.
As quoted in the publication:

Codelco, the world’s top copper producer, has been hit by strikes since July 21. It has been forced to close mines and also suffered damage to mine equipment at its newest Ministro Hales mine in Chile.
China, the world’s top copper consumer, is the largest buyer of Codelco copper for both term and spot shipments but a trading source in Asia with direct knowledge of the matter said Codelco had stopped offering it spot metal in the past two weeks.
“It is because Codelco does not know how long the strike will continue,” he said, declining to be named because of his company’s policy.

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