Chile Copper Strike Highlights Volatility of Green Economy
Gabrielle ReyesWorkers for CODELCO, Chile’s state-run mining company and the largest copper producer in the world, launched a nationwide strike on Wednesday to protest plans to shut down a foundry employing 350 people.
While the strike ended on Thursday, it threatened to cost CODELCO $20 million a day and highlighted the volatility of the copper industry, which is vital to electric vehicle manufacture and thus a staple of a “green economy” promoted by leftist and communist governments including that of China, which is the number one importer of Chilean copper.
“Police said they arrested 18 people as striking workers, waving Chilean flags and setting tires on fire, blocked entry to six mining facilities around the country. They did this mainly at the Ventanas foundry, which the government announced last week that it would shut down,” Agence France-Presse (AFP) reported on June 23.
“Union leaders said the strike had paralyzed Codelco altogether but [Chile] Finance Minister Mario Marcel said it had ‘altered’ production but not shut it down,” AFP relayed.
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