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Coup to Miners: Grupo Mexico Y Peñoles Collapsing by War in the Middle East
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The conflict in the Middle East has wreaked havoc on two of the country’s most important mining companies, Grupo México and Peñoles, both of which have recorded heavy losses on the Mexican stock market due to volatility in oil and metals prices, as a result of the war between the United States and Iran. From the outbreak of the war on February 28 to the closure of operations on Friday, the shares of Germán Larrea’s company accumulated a fall of …
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