Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Chile’s Compañía Minera del Pacífico (CMP), halted its activities at the iron ore plant in Huasco and in the port of Guacolda II on Feb 1, after a labor union blocked the road leading to both facilities.


As a result of this roadblock, CMP’s production reduced by 270,000mt leading to a financial impact of $17.5mn, the company said in a  filing to the financial market commission (CMF) on Feb 8. The South American company added that it will try to recover part of this production during the year, though it did not disclose an estimated date to resume production.


CMP shipped 16.5mn mt of iron ore during 2020, up by 78.2pc from 2019, according to media reports. The roadblock was generated at the end of January by the labor union Axinntus, part of group Ultramar, according to media reports. 



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