Chile Molymet top plant hit by workers strike

SANTIAGO May 30 (Reuters) – Chile’s Molymet (MOL.SN: Quote), the world’s No 1 molybdenum processor, said on Monday its top processing plant was partially operating after a workers union declared a strike over a collective wage offer.

The company said in a statement to the local market regulator that it will meet commitments with clients despite the strike at its MolymetNos plant.

MolymetNos has the capacity to process around 94 million pounds of molybdenum a year and employs around 700 people, according to the company’s website.

Molymet, which has the capacity to process around 175 million pounds of molybdenum a year, owns five industrial plants located in Chile, Mexico, Belgium and Germany.

The company did not return calls seeking details on production, and a union representative was not immediately available to comment.

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