US-China Tensions Boost Prospects for Mexico Smelter Project
- Southern Copper weighs spending $1 billion-plus on new smelter
- Additional smelting project in Peru may see similar investment
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US-China tensions are boosting the prospects of a Mexican copper smelter project proposed by Southern Copper Corp.
As the US seeks to reduce supply-chain reliance on geopolitical rivals and source imports closer to home, more finished copper could be absorbed by manufacturers in Mexico, Southern Copper Chief Financial Officer Raul Jacob said in an interview Tuesday.