23
Jul
12:03
Grupo Mexico benefits from copper price rise
Mexican conglomerate Grupo Mexico has posted strong quarterly results, propped up by the positive copper price environment.
In the three months to 30 June, revenue in the mining division rose by 32% on-year to $6.2 billion due to higher sales volumes for copper, molybdenum, and zinc, as well as a 6% price increase to $4.21/pound for copper.
Total copper production in the first half was 5% higher than last year at 488,737 tonnes, driven by growth in Peruvian opera…
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Very good overview of the weekly steel market.
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