This Morning in Metals: Australia Won’t Join E.U. in Tariff Complaints to WTO
This morning in metals news, Australia doesn’t plan on joining the E.U. in any prospective complaints to the World Trade Organization (WTO) over U.S. tariffs, Chilean miner Codelco signs a deal for a plant in Ecuador and workers at a Peruvian zinc smelter ended their strike over the weekend.
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Australia Not Tagging Along in WTO Tariffs Complaints
After Australian Prime Minister Malcolm Turnbull confirmed his country had secured an exemption from the Trump administration’s recently instituted steel and aluminum tariffs, he also announced the country would not join the E.U. in any complaints to the WTO over the tariffs.
“There was speculation in the media about actions taken with other countries to do with this US steel and aluminium tariffs,” Turnbull told reporters in Port Kembla, according to a report in The Guardian. “As a country that is exempt from US tariffs, we cannot bring up that complaint. I just want be clear about that.”
Codelco Going to Work in Ecuador
Chilean state miner Codelco has signed a deal for a project in Ecuador, according to Reuters.
The project would be a joint development of a mine near the capital city of Quito, according to the report.
Peruvian Zinc Smelter Strike Ends
Workers at a Peruvian zinc smelter operated by the Brazilian company Nexa Resources SA reached a deal to end their strike on Saturday, Reuters reported.
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According to the report, the strike began last Monday.
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