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Peru’s Kuczynski wants to relax air standards to spur refining

Peru’s President-elect Pedro Pablo Kuczynski called Peru’s air quality standards “unrealistic” on Wednesday and proposed lowering them to spur investments in smelters that would boost the country’s key mineral exports.

Kuczynski, a 77-year-old former investment banker who will take office on July 28, said the value of Peru’s mining exports could rise 25% solely through greater smelting and refining capacity.