Grupo México is investing **$4–6 billion** to expand its U.S. copper mining operations through its subsidiary **Asarco**. The move signals a major push to strengthen its copper production capacity in the region.
Grupo Mexico Transportes reports higher third-quarter earnings, driven by increased metals, intermodal, and cement shipments. Operating income grows 8.6% to $255.1 million, while revenue climbs 12% to $978.4 million. The company’s operating ratio improves to 74%, reflecting stronger freight demand across its subsidiaries, including Ferromex and Ferrosur.
Grupo México reports a **63% profit increase to US$1.97 billion** in Q3, driven by rising copper and silver prices. Despite a **1.9% decline in copper production**, higher metal prices boosted overall earnings. The company’s financial performance reflects strong commodity market conditions.
Grupo Mexico withdraws from Argentina’s Belgrano Cargas rail privatization auction, a key asset connecting grain and mining regions to export ports. The move deals a setback to President Javier Milei’s push to privatize state-owned infrastructure. Belgrano Cargas plays a critical role in transporting bulk commodities for Argentina’s agricultural and mining sectors.
