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Strike at Peruvian Iron Ore Producer Ends

Iron Ore

After close to three weeks of disruption, a strike by workers at Shougang Hierro Perú, the country’s only iron ore producer, has come to an end after the company agreed to an increase in wages, the company reported to the Peruvian securities regulator on 28 October. Peruvian iron ore exports have risen this year on the back of strong demand in China. The country imported 9.2 Mt of Peruvian iron ore in January-September, up from 8.6 Mt in the same period last year, making Peru the seventh largest supplier to China.