The union representing workers at Escondida, the world's largest copper mine in Chile, has reached a significant agreement with BHP, effectively ending a three-day strike that raised concerns over global copper supplies. The strike, initiated over disputes regarding payment terms, prompted the union to warn of potential further action if negotiations did not improve. The new deal, which now awaits ratification by the union's 2,400 members, was announced following a preliminary agreement made on Friday. BHP noted that the agreement includes a collective contract proposal aimed at stabilizing operations at a site critical for approximately 5% of the world's mined copper. This resolution follows fears of substantial financial losses for BHP, potentially $25M-$30M daily, if the strike had continued as in past instances. The union has not yet publicly commented on the finalized agreement.