Dumbass Biz Wires on Copper and La Escondida

By Otto Rock

It takes a special sort of ignorance to call the effects of a strike at La Escondida (BHP et al, world’s biggest copper mine) wrong all the way down. Then switch and get it wrong all the way back up. But fear not, you too can find that brand of dumbassery any time you open the mining trade papers.

Facts: The 2017 strike didn’t affect copper prices, the 2018 threatened strike did not affect copper prices, the end of the threat is not affecting copper prices. And if you don’t understand why, perhaps you too should stop reading the morons who pretend to be thought leaders in the industry.

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