Mining and transportation group Grupo México reported that its Q1 profit surged 57% year over year, driven by higher silver and zinc sales.Grupo México, controlled by Mexican billionaire Larrea German, ranks among the world's largest copper producers by production.The group reported that Q1 2026 copper production reached 258,138 mt, down 2.8% year over year, mainly due to lower production at its Peruvian mines, partially offset by increased production at its Mexican and US mines In Q1 2026, silver and zinc production increased by 11.1% and 2.0%, respectively.

[SMM Flash News] On June 5, Gansu International Logistics Group achieved another significant breakthrough in the import of mineral products from South America! The first batch of 1,000 mt of lead-zinc ore from Peru successfully crossed the ocean via the Port of Callao and arrived at Huadu Port in Guangzhou. This not only expanded the range of imported products but also injected new momentum into the stability of the domestic smelting industry supply chain. The Peru lead-zinc ore import business continued the mature "South American overseas warehouse + ocean shipping" model operated by the group's supply chain company. The goods were collected from Peruvian mines, sorted and packaged at the overseas warehouse, and then transported to the Port of Callao. After being shipped to main ports in China and completing customs clearance procedures, they were finally delivered to domestic partner enterprises and will enter the smelting and processing stage later.

[SMM Analysis: Q1 Production of Top 15 Miners Released, Copper Concentrates Supply Not Looking Optimistic] The copper production of the top 15 miners in Q1 2025 has been released. According to SMM statistics, the Q1 copper production of the top 15 miners was 2,967 kt (metal content), down 0.8% YoY and 12.8% QoQ. However, based on the Q1 production data, the raw material supply this year does not seem optimistic.

STX Corp., a South Korean trading company, has obtained a stake in a lithium mine in Peru and secured the rights for transportation and off-take of lithium ore concentrate.

As of Friday March 10, the SMM Imported Copper Concentrate Index (weekly) stood at $76.29/mt, $1.35/mt lower than March 3. During the week, the spot transaction of copper concentrate was quite active. There were many spot transactions of clean ore between mines and smelters.

As of Friday February 24, the SMM Imported Copper Concentrate Index (weekly) stood at $77.88/mt, $0.35/mt lower than February 17. SMM understood that, during the week, a deal of clean ore was struck between one mine and one smelter with TCs of $75/mt, scheduled for April. Inquiries from one trader for clean ore, scheduled for the second quarter stood at $65/mt.