Over the past two months, the Copper Monthly Metals Index dropped 4.5%. While a strike at the Escondida mine managed to keep the price of the red metal afloat in the first weeks of this month, the red metal’s price continues to decrease, dipping 5.7% below its July price. The mine, located in Chile and owned by BHP, accounts for about 5% of copper globally. Protests over pay led to a strike, which ended after the union signed a new three-year deal.
Community backlash has also seen the Cobre Panama copper mine owned by First Quantum halt its operations. Additionally, the Las Bambas mine in…
NOTE TO INVESTORS: The latest news and updates relating to Torr Metals Inc. (TSX.V: TMET) are available in the company’s newsroom at https://ibn.fm/TMET
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