Escondida supervisors reject offer, vote 94.8% to strike

Union No. 2 of supervisors at Minera Escondida, the world's largest copper mine, voted 94.8% in favor of striking after rejecting the company's final offer. The strike threatens copper supply, a key input for global industry, and could tighten the copper market. The timing and duration of the strike remain uncertain, as does the potential for government intervention.