Reported 6 months ago
Grupo Mexico's Asarco, controlled by the Grupo Mexico conglomerate, plans to reopen its copper smelter in the United States due to surging copper prices. The company is in talks with unionized workers to restart operations at the Hayden smelter in Arizona and the Amarillo refinery in Texas, aiming to boost copper supply domestically. The decision comes amidst rising copper demand driven by clean energy initiatives and speculation, with recent price increases hitting record highs.
Source: YAHOO