SMM Analysis: Ecuador Riots Have Not Disrupted Mirador Production, Spot Copper Concentrate Processing Fees Continue to Decline
On the fundamental front, Ecuadorian President Novoa signed an executive order declaring a "state of internal armed conflict" nationwide, designating 22 organized crime groups as terrorist organizations and non-state belligerents, and ordering the armed forces to operate within the framework of international humanitarian law. On the 8th local time, Ecuadorian President Novoa declared a 60-day state of emergency due to recent frequent riots in domestic prisons. According to SMM research, the production of Mirador copper mine, a subsidiary of Tongling Nonferrous in Ecuador, (2024 Mirador is expected to produce copper concentrate and transportation without being affected. The production capacity is 120,000 metric tons of metal.)

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