US Tariff on Copper Makes Mexico, Chile Reassess Supply Chains

Mexico and Chile are preparing to reassess their copper supply chains after the United States proposed a 50% tariff on copper imports. In other news, US-based defense and aerospace firm Lockheed Martin is evaluating partnerships with mining companies to activate two licenses in the mineral-rich Clarion-Clipperton Zone (CCZ). 

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Mexico, Chile Seek New Routes After US Tariff Threat

The United States' proposed 50% tariff on copper imports is pushing Mexico and Chile to reassess their trade strategies. Although the United States remains a major importer, both countries are preparing for a potential global restructuring of the copper supply chain. 

Starcore Signs LOI to Lease Tortilla Project in Queretaro

Starcore International Mines entered a non-binding Letter of Intent (LOI) to lease the San Juan Nepomuceno project, also known as the Tortilla project, in Queretaro. The agreement covers six mineral claims and two properties. The company says that the project presents an interesting opportunity due to the ore grades and the scale of historic mining operations. 

Mining Implications From Supreme Court’s Amparo Ruling
Pablo Méndez, Managing Partner, EC Rubio, notes that by upholding the 2023 Mining Law reform and denying the amparo challenge (391/2024), the Supreme Court has set a new legal precedent with broad implications for the mining sector's operational practices, financial planning, and strategic decisions.

Apple Moves to Reduce China Dependence With Rare Earth Deal

In a strategic move to reduce reliance on China, Apple has entered a US$500 million agreement with US-based MP Materials to secure a long-term supply of rare earth minerals. As part of the deal, both companies will construct a facility in Texas dedicated to producing neodymium magnets tailored for Apple’s products.

Lockheed Martin Reclaims Seabed Licenses, Eyes Critical Minerals

Lockheed Martin has announced it is exploring partnerships with several mining companies to activate its long-held seabed mining licenses in the Pacific Ocean. The aerospace and defense firm holds two licenses in the mineral-rich Clarion-Clipperton Zone (CCZ), granted in the 1980s but dormant for decades.