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Home / Metal News / Votorantim Zinc Smelter Workers in Peru Plan an Indefinite Strike, SMM Reports

Votorantim Zinc Smelter Workers in Peru Plan an Indefinite Strike, SMM Reports

Apr 28, 2017 09:31

Source:SMM

A strike at Votorantim Metais’ Cajamarquilla zinc smelter in Peru is not likely, SMM understands. The smelter is now in talk with its workers, saying the strike is illegal.

SHANGHAI, Apr. 28 (SMM) – Cajamarquilla zinc smelter’s labor union leader said Thursday workers plan an indefinite strike starting May 6 in order to gain more bonus and better working conditions, according to foreign media.

A strike at Votorantim Metais’ Cajamarquilla zinc smelter in Peru is not likely, SMM learnt from one person familiar with the matter. The smelter is now in talk with its workers, saying the strike is illegal.

Votorantim said the labor union required higher salary after prices rose. Actually, profit did not see big improvement since prices had been hovered at lows for a long time. The smelter is now in full operation. But the company still worries frequent rainfalls may affected future yields.

The Cajamarquilla zinc smelter produced some 340,000 tonnes of refined zinc last year.

Teck Posts Lower Lead, Zinc Yields in First Quarter, Scales Back Production Target for 2017

MMG Releases Major Metals Output in First Quarter

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On the one hand, Teck Resources has signed an annual zinc concentrate contract with a 45% increase in TCs to $230/dmt. An escalation clause was included: if the prices of zinc exceed $3,800/mt, TCs will rise by $0.05/mt for every $1/mt increase in the prices of LME zinc, but if the zinc prices fall, TCs will remain unchanged (the same as the 20%/80% price sharing scheme in China).

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SMM Insight

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Mar 15, 2018 17:50

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Votorantim Zinc Smelter Workers in Peru Plan an Indefinite Strike, SMM Reports

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