Gold experienced its biggest rally last Wednesday since Brexit due to political instability in the US.
Copper prices are falling as manufacturing drops in China and the US.
USBS Asset Management Americas Inc has holdings in McEwen Mining worth US$221,000.
According to the National Transparency Platform, Sonora is the second most transparent state in Mexico. The state earned an eight out of a scale from 1 to 10 and the governor of Sonora, Claudia Pavlovich, received an award last year for innovation in terms of transparency.
Shares in First Majestic Silver Corp. were affected by workers that blocked access to the company’s La Encantada mine in Mexico.
On the international side…
World’s largest miner, Canada’s Barrick Gold, may be severely impacted by its subsidiary’s ban on mineral concentrate exports in Tanzania.
India can benefit from falling copper prices as it needs to increase its exports and domestic consumption.