News
Chile's Kast Names Fontaine to Chair the World's Top Copper Producer
1+ hour, 54+ min ago (388+ words) The appointment: Chilean President Jos" Antonio Kast designated economist Bernardo Fontaine as the new chairman of Codelco, the world's largest copper producer. Fontaine takes office on May 26, replacing M'ximo Pacheco. The board reset: Kast also named Luz Granier and Alejandro…...
Why US A. I. Capital Is Choosing Paraguay Over Brazil for Compute
4+ day, 10+ hour ago (1218+ words) Key Points Paraguay's Itaipu Treaty Annex C transitions in January 2027, ending the obligation to sell surplus power to Brazil at fixed prices and freeing 25 to 30 terawatt-hours per year for global markets Los Angeles-based X8 Cloud has committed an initial 250 million dollars…...
Peru Confidence Drops as Petroperu Refineries Risk Halt
1+ week, 2+ hour ago (215+ words) Peru's energy and economic outlook deteriorated sharply this week as state oil firm Petroperu faces refinery shutdowns and the BCRP three-month business confidence index fell to 44. 6 points in April, the first negative reading in 2 years. The Iquitos refinery has paralyzed…...
Chile Copper Stalls as Lithium Soars 175% in April Exports
1+ week, 8+ hour ago (225+ words) Chile's April exports climbed 7% year-on-year to $9. 718 billion according to data released by the Banco Central on May 7, with mining shipments leading the gain at 14. 1% to $5. 963 billion but copper showing its weakest performance since March 2024 as concentrate volumes fell. Lithium carbonate…...
Brazil House Approves Critical Minerals Bill on Trump-Lula Eve
1+ week, 13+ hour ago (224+ words) Brazil's Lower House (C'mara dos Deputados) approved on May 6 the base text of PL 2780/2024 establishing the National Policy for Critical and Strategic Minerals (PNMCE), creating a R$5 billion (US$1. 02 billion) tax-credit framework and a Mining Activity Guarantor Fund (FGAM) with…...
Brazil Mining Lobby Pushes to Strip Veto Power From Minerals Council
1+ week, 2+ day ago (351+ words) The Brazil critical minerals bill arrived at the Chamber of Deputies on Tuesday, May 5, 2026, with the country's mining industry lobbying to strip the new Critical and Strategic Minerals Committee of veto power over corporate transactions. Rapporteur Arnaldo Jardim of Cidadania-SP…...
Mexico Mining Output Jumps 5. 5% in February Rebound
2+ week, 2+ day ago (559+ words) Mexico's mining and metallurgical production rose 5. 5% month-on-month in February 2026, according to INEGI data, recovering from a 6. 5% annual contraction in 2025. Gold extraction fell 1. 9% year-on-year and silver declined 0. 7%, but copper and zinc posted gains amid strong global prices driven by the energy…...
Mexico Mandates Local Steel for All Government Projects
2+ week, 2+ day ago (549+ words) President Sheinbaum signed the Agreement for the Promotion of the National Steel Industry, requiring all government steel purchases to be sourced from domestic producers. The pact covers 19 federal agencies and three industry chambers, with over $8 billion in investment commitments and…...
Codelco Files $12 M Lithium Plan in New Chile Salt Flat
2+ week, 2+ day ago (342+ words) " Chile's state copper miner Codelco entered a $12 million Codelco Pedernales lithium exploration project into environmental evaluation Monday April 27, 2026. The plan filed with Chile's Servicio de Evaluaci'n Ambiental (SEA) covers 114 boreholes across Codelco's existing land claims in the Salar de Pedernales,…...
Turkish Yildirim's $400 M Bid Targets China's Brazil Nickel Deal
2+ week, 2+ day ago (373+ words) The Brazil nickel bid raised by Yildirim's Core X Tuesday extends the West-versus-China critical-minerals battle into its most consequential Brazilian phase " testing whether regulatory pressure can reverse a year-old Anglo American sale decision. Yildirim's revised offer is US$400 million in…...