Kip Keen

The United States-Mexico-Canada Agreement, ratified in 2020, faces a mandatory six-year by July 1. Once expected to be a routine assessment, the review now has the potential to rewire North American supply chains. The first US-Mexico bilateral talks started earlier this year, while Canada-US negotiations remain on ice. If the three countries reach an agreement, USMCA extends until 2042. The outcome of the review has major implications for the three countries' deeply integrated economies.

Chile's mining industry would not have an easy time replacing sulfuric acid from China should reported export go ahead in May, analysts told Platts. Chile is among the countries most exposed to changes in Chinese exports, analysts said. If restrictions are long-lived and Chile cannot source alternatives, copper production could be disrupted later this year.