[SMM Analysis]Analysis of Import and Export Data for Unwrought Aluminum Alloy, January-February 2026

[Zinc Concentrate Production Information] Grupo Mexico released its Q4 2025 report. Its zinc concentrate production for the quarter was 46,200 mt, up 7% YoY. Full-year 2025 zinc concentrate production totaled 176,900 mt, up 36% YoY, primarily benefiting from the operation of the Buenavista zinc mine.

[SMM News] Grupo Mexico released its Q1 2025 report, revealing that its zinc concentrate production for the quarter was 39,375 mt, up 49.3% YoY. This was attributed to the operation of the Buenavista zinc mine and the improvement in ore content at the mining area.

【SMM Flash News】 Grupo Mexico released its Q1 2025 report, revealing that its zinc concentrate production for the quarter was 39,375 mt, up 49.3% YoY. This was attributed to the operation of the Buenavista zinc mine and the improvement in ore content at the mining area.

GAC INTERNATIONAL Mexico delivered the first batch of AION ES new energy ride-hailing vehicles to Mexican electric mobility company VEMO, according to a post released on January 22 on the former’s W...

According to the latest information released by Mexican officials, Tesla's investment in Mexico has been basically finalised and will be announced soon

On September 10, Chinese new energy vehicle brand NETA Auto signed strategic partnership agreements with BBVA Mexico, the Electro Mobility Association (EMA) of Mexico, and several local dealerships, r...

On April 18th, at the AICE 2025 SMM (20th) Aluminum Industry Conference & Aluminum Industry Expo - Global Secondary Aluminum Industry Development Forum , hosted by SMM Information & Technology Co., Ltd. (SMM), SMM Metal Exchange Center, and Shandong Aisi Information Technology Co., Ltd., and co-organized by Zhongyifeng Jinyi (Suzhou) Technology Co., Ltd. and Lezhi County Qianrun Investment Promotion Service Co., Ltd., WENCESLAO MANZANO HERNANDEZ, President of DIMEXA HOLDINGS PTE. LTD., provided an interpretation of Mexico's export policies for secondary metals. Mexico: A Key Trading Partner Mexico is a crucial participant in the global economy, with a Gross Domestic Product (GDP) of $1.79 trillion, making it the world's 12th largest economy. In 2024, Mexico's total trade volume with the US reached $843 billion, becoming the largest trading partner of the US, surpassing Canada and China. In the same year, Mexico's total trade volume with China reached $100 billion. Mexico has the largest number of free trade agreements, with 13 agreements covering at least 50 countries. Main Products Exported by Mexico Automobiles and automotive parts, electronics and electrical equipment, machinery and industrial equipment, mineral fuels and oil, and agricultural products, among others. US-Mexico Trade Relations In 2018, the US imposed tariffs under "Section 232" on steel (with a 25% tariff) and aluminum (with a 10% tariff) imported from multiple countries, including Mexico. ・This raised concerns about damage to the integrated supply chain, particularly in the automotive industry. ・In 2019, the US agreed to remove the "Section 232" tariffs on steel and aluminum imported from Mexico and Canada. ・Part of the purpose of this decision was to facilitate the ratification of the United States-Mexico-Canada Agreement (USMCA). Aluminum Scrap Market ・Mexico exports aluminum scrap to multiple destinations worldwide. ・Single-alloy scrap is mainly exported to the US, Brazil, and Europe. For example, scrap of grades 5052, 6,016, 5,081, 3003, etc. ・Most casting alloys are consumed within Mexico's domestic automotive industry, with only a small amount exported. For example, casting alloys of grades A380, AC12, etc. ・Some other mixed-grade aluminum scrap is exported to Asia. For example, Taint Tabor, aluminum radiators. Copper Scrap Market ・China is by far the largest consumer of copper scrap. ・There is also domestic demand in the US for some higher-grade copper scrap. ・Mexico does not import copper scrap from the US; if copper scrap is imported from the US to Mexico, a 16% VAT is required. Opportunities for Mexico in the Non-Ferrous Metals Market ・Production Growth and Rising Demand. Mexico's expanding manufacturing sector (automotive, electronics) drives production and demand for recycled non-ferrous metals. ・Proximity to the US: Close trade ties with the US facilitate scrap metal trade. ・Increased Recycling Awareness: Growing concerns over environmental issues drive recycling efforts. ・Investment in Advanced Recycling Technologies: In Mexico, there is a growing demand and opportunity to invest in modern technologies for sorting, processing, and refining non-ferrous metal scrap. ・Development of Specialized Recycling Processes: With the growth of industries such as electronics and renewable energy in Mexico, there are opportunities to develop specialized recycling processes for specific non-ferrous metals. For example, recycling of batteries and electronic waste. Challenges for Mexico in the Non-Ferrous Metals Market ・Market Volatility: Similar to global commodities, prices of non-ferrous metals can be volatile, affecting profitability. The Mexican market is guided by the London Metal Exchange but is also influenced by the Chicago Metal Exchange and Midwest Premium in the US. ・Logistics and Infrastructure: Mexico's domestic infrastructure varies, and there are logistical bottlenecks that complicate the collection, processing, and transportation of scrap. ・Regulatory Issues: Evolving or unclear regulations regarding scrap handling, import/export, and environmental compliance can create uncertainty and increase operational costs. ・Quality and Sorting: Ensuring scrap quality and proper sorting is challenging, especially in finding qualified labor. ・Competition: The market may face competition from both domestic and overseas participants, including established recycling companies and the informal sector. ・Economic Uncertainty: Mexico's overall economic conditions, including currency fluctuations and potential economic slowdowns, may affect demand and investment in the industry. ・Safety Concerns: In some regions, safety issues and organized crime may pose risks to companies involved in the collection and transportation of valuable non-ferrous metals. Importance of Establishing Partnerships ・Navigating Regulations and Bureaucracy: Mexico's regulatory environment is complex. Local partners are often more familiar with the rules, licensing requirements, and procedures, which can help streamline business operations and ensure compliance. • Establishing a Local Network: Building partnerships can provide connections to existing networks of suppliers, buyers, and other industry participants. This is crucial for sourcing scrap, selling processed metals, and establishing solid business relationships. DIMEXA Dimexa is a leading company in Mexico specializing in the management of industrial and post-consumer non-ferrous metal scrap. With 40 years of experience in the market, Dimexa currently sells 300,000 mt of non-ferrous metal scrap annually. • Scrap Metal Management: Dimexa offers comprehensive services, including the collection, processing, and sale of scrap. • National Presence: Dimexa operates 17 scrap recycling yards across Mexico. • Logistics Capabilities: Dimexa has a large fleet of vehicles and containers for efficient collection and delivery of materials. It currently handles an average of 1,000 containers per month. • Focus on Compliance: The company emphasizes adherence to environmental regulations and holds all necessary permits to operate across Mexico. • Market Reach: Dimexa has over 35 years of experience selling to the Chinese market and other international markets. 》Click to view the special report on AICE 2025 SMM (20th) Aluminum Conference & Aluminum Industry Expo

Bestune, the wholly-owned passenger car brand of FAW Group, recently held a grand launch ceremony themed Drive your sense in Mexico City, officially entering the Mexican market.

According to sources familiar with the matter, the US and Mexico are expected to reach an agreement that would eliminate the 50% tariff imposed by former US President Trump on certain steel imports, reviving a similar deal from Trump's first term. Trump was not directly involved in the negotiations, but any agreement would require his approval. The talks were led by Commerce Secretary Howard Lutnick, the sources said. The agreement has not yet been finalised, the sources added. Under the current terms, US buyers would enjoy duty-free treatment as long as they keep Mexico's total steel imports within a quota based on historical trade levels. The new cap would be higher than the limit allowed under the similar agreement during Trump's first term, though these so-called "quotas" were never fixed numbers but rather designed to "prevent surges," according to the sources. US Commerce Department data shows that last year, the US imported approximately 3.2 million mt of steel from Mexico, accounting for 12% of total US steel imports. During Trump's first term, the US and Mexico reached a deal in 2019 agreeing to prevent imports from exceeding the average level from 2015 to 2017. As of press time, neither the White House nor the office of Mexican President Claudia Sheinbaum had responded to requests for comment. At an event on Tuesday, Mexican Minister of Economy Marcelo Ebrard said he told US officials during a meeting last week that imposing steel tariffs on Mexico was unjustified, as the US exports more steel to Mexico than it imports. Last Friday, he also posted a photo showing him shaking hands with a smiling Lutnick in Washington. "We are waiting for their response because last Friday we provided them with details of our arguments, and we are right," Ebrard told reporters on Tuesday. "So we will wait for their response, most likely this week." The negotiations come as Sheinbaum seeks to reach an understanding with Trump on border migration and drug smuggling, issues for which Trump has demanded Mexico take action. Meanwhile, Sheinbaum confirmed on June 9 local time that she would attend the upcoming G7 summit in Canada. She also mentioned the possibility of a bilateral meeting with US President Trump during the event. Sheinbaum added that migration would be one of the topics discussed during the meeting. Currently, the Mexican Foreign Minister is coordinating the arrangements for various meetings, and has pointed out that in addition to a possible meeting with President Trump, President Sheinbaum will also hold bilateral talks with Canadian Prime Minister Carney.