Growing Chilean Port Strike Forces Codelco to Look at Shipping Alternatives

Bloomberg reported that a strike at one of the main export hubs for Codelco is spreading, forcing them to seek alternative shipping arrangements.

As quoted in the market report:

Workers at Antofagasta and Iquique ports in northern Chile went on strike yesterday in solidarity with a 12-day stoppage at Angamos, the main northern harbor for Codelco. Workers at San Antonio, a fruit-handling port in central Chile, also joined the action. Codelco is seeking other ports to export copper cathode produced at its northern mines, an official who can’t be named because of company policy said in an e-mailed response to questions today.

To view the whole Bloomberg report, click here.