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

Published: Apr 28, 2017 09:31
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

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn. 

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Volkswagen Is Expected to Cut 50,000 Jobs in Germany Before 2030
1 hour ago
Volkswagen Is Expected to Cut 50,000 Jobs in Germany Before 2030
Read More
Volkswagen Is Expected to Cut 50,000 Jobs in Germany Before 2030
Volkswagen Is Expected to Cut 50,000 Jobs in Germany Before 2030
[Volkswagen Plans to Cut 50,000 Jobs in Germany by 2030] Volkswagen Group also announced on March 10 that it is expected to cut 50,000 jobs by 2030, mainly affecting employees in Germany and covering all brands under the group, including Volkswagen, Audi, Porsche, and Skoda. The latest layoff figure increased by about 43 compared with the company's previously announced 35,000 job cuts.
1 hour ago
Volkswagen’s Operating Profit Plunged 53% in 2025, With 2026 Still Looking Grim
1 hour ago
Volkswagen’s Operating Profit Plunged 53% in 2025, With 2026 Still Looking Grim
Read More
Volkswagen’s Operating Profit Plunged 53% in 2025, With 2026 Still Looking Grim
Volkswagen’s Operating Profit Plunged 53% in 2025, With 2026 Still Looking Grim
[Volkswagen Group's 2025 Operating Profit Plunged 53%] Germany's Volkswagen Group announced on March 10 that group revenue in 2025 was 322 billion euros, almost stable compared with 324.7 billion euros in 2024; however, operating profit plunged 53% YoY from 2024 to 8.9 billion euros, mainly due to US tariff policies, exchange-rate fluctuations, and strategic adjustments at Porsche, one of its subsidiaries. Volkswagen Group said that, as US tariff issues and competitive pressure in China still persisted, it expected to continue facing a severe situation in 2026. Revenue this year was expected to edge up by 0% to 3%, with the operating margin at between 4% and 5.5%.
1 hour ago
SHFE Zinc Center Moved Lower; Focus on Today's Inventory Performance [SMM Zinc Morning Comment]
4 hours ago
SHFE Zinc Center Moved Lower; Focus on Today's Inventory Performance [SMM Zinc Morning Comment]
Read More
SHFE Zinc Center Moved Lower; Focus on Today's Inventory Performance [SMM Zinc Morning Comment]
SHFE Zinc Center Moved Lower; Focus on Today's Inventory Performance [SMM Zinc Morning Comment]
[SMM Zinc Morning Comment] The most-traded SHFE zinc 2604 contract opened lower with a gap at 24,245 yuan/mt. In early trading, SHFE zinc fluctuated and dipped to 24,095 yuan/mt. Subsequently, as bears reduced open interest, SHFE zinc gradually rose above the daily average line, touched a high of 24,385 yuan/mt near the close, and finally closed down at 24,375 yuan/mt, down 10 yuan/mt, or 0.04%. Trading volume decreased to 54,485 lots, and open interest increased by 94 lots to 74,314 lots.
4 hours ago
Votorantim Zinc Smelter Workers in Peru Plan an Indefinite Strike, SMM Reports - Shanghai Metals Market (SMM)