【SMM News Flash】Hindalco Q3 Profit Falls 45% on US Subsidiary Disruptions, Despite Robust Metal Prices

[SMM Analysis: Key Anchor in Great Power Rivalry: The U.S. "Project Vault" and the Changing Resource Landscape in Latin America] While the second phase of Chinese company's Mirador copper mine in Ecuador remains mired in a 'completed but awaiting approval' deadlock, 10,000 kilometers away in Washington, the President, alongside the Export-Import Bank of the United States, is announcing a historic supply chain security initiative named 'Project Vault.'

[SMM Analysis: The "Key Anchor Point" in Great Power Rivalry: The US "Treasury Plan" and the Resource Reshuffle in Latin America] As the second phase of the Mirador copper mine project in Ecuador, developed by a Chinese enterprise, remains stuck in a "built but awaiting approval" deadlock, ten thousand kilometers away in Washington, the US Export-Import Bank, together with the President, is announcing a historic supply chain security initiative called the "Treasury Plan." In the pause and the start, a global covert battle over critical minerals such as copper, lithium, cobalt, and gallium is moving from behind the scenes to the forefront.

【SMM News Flash】Fernando Aboitiz, Director of Mining at Mexico's Ministry of Economy, stated that since October 2024, the Mexican government has revoked 1,126 mining concessions, covering an area of 889,000 hectares. At the president’s regular morning press conference on Thursday, he noted that the concessions were revoked from individuals and enterprises due to their failure to pay mining rights maintenance fees and to submit statistical data or progress reports.