Mining companies are beginning to report incredible earnings due to an explosive run in many commodities. Consumers are beginning to bypass vacations and restaurants and strictly load up on physical goods.

The Bloomberg Commodity Spot Index, a basket of nearly two dozen raw materials, continues to trade close to its 10-year high, indicating that this “transitory” inflation narrative that central banks continue to push is far from the truth.

Copper is up nearly 50% over the past year, and this comes during a time the global copper market could see significant disruption due to strike disruptions at three mines in Chile that have come in effect; Chile is the world’s largest copper producer.

Currently, workers at the biggest copper mine in the world, Escondida, owned by BHP, rejected a final wage offer in voting last week.

If they can’t find a resolution this week, the market may be left without production from a project that churned out 1.2 million metric tons last year.

Two smaller mines (Codelco’s Andina and JX Nippon Mining & Metals’ Caserones) are currently going through the same process regarding their collective bargaining.

This potentially disrupts 7% of the world’s copper population if a resolution can’t be finalized shortly.

Blackwolf Copper & Gold:

A few months back, I introduced my readers to the Blackwolf Copper and Gold story, and since then, the company has continued to advance its 100% owned and flagship asset, the Niblack Project on Prince of Whales Island located in southeast Alaska.