Grupo Mexico Q2 Profit Rises 79%, Tia Maria Copper Project Reaches 42% Completion

Recently, one of the report stated that around 5 billion mobile devices may be sitting idle within enterprise organizations, while nearly 90% of Americans still keep old electronics at home. Data security concerns, weak collection channels and low recycling awareness continue to limit the release of copper- and precious-metal-bearing e-scrap into formal recycling systems.

ERI and Cyclic Materials have formed a strategic partnership to recover critical minerals from e-scrap. ERI will use its eight U.S. recycling facilities to sort and pre-process magnet-bearing electronics, while Cyclic will process the material at its Arizona facility, which can handle up to 25,000 tonnes of end-of-life components per year. Cyclic’s process also recovers metals such as copper and aluminium from the same feedstock.

[SMM Shanghai spot copper] The SHFE copper 2608 contract climbed further during the night session, mainly trading between 106,000 yuan/mt and 106,800 yuan/mt. As copper prices and spot premiums moved up in tandem recently, while the SHFE contract structure maintained a backwardation structure, downstream purchase willingness weakened significantly and transactions were dominated by rigid demand. According to SMM, affected by high copper prices and the accumulation of finished product inventories, some downstream processing enterprises plan to cut production or temporarily suspend operations. The impact of weakening end-use consumption on the spot market is gradually emerging.