Here is how Grupo Mexico, S.A.B. de C.V. (GMBXF) and Marubeni Corp. (MARUY) have performed compared to their sector so far this year.

Grupo Mexico, South America's biggest mining and transport conglomerate, posted a 17% increase in first-quarter net profit on Friday, supported by higher copper and silver prices and lower production costs. Net profit reached $1.09 billion, exceeding the $816 million forecast from analysts surveyed by LSEG.

Grupo Mexico SAB operates in key sectors for the green and electrified future, with solid financial management and a history of solid returns for shareholders. The stock is currently trading at a fair value, its correlation with the copper price could drive the stock lower if the global economic forecasts worsen. Grupo Mexico is a buy-and-hold name for the long term due to its solid and prudent financials, Tier-1 quality assets, diversified operations, and promising future.

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Previously, Grupo México was also given a Sell rating due to expectations of lower copper prices in 2023 and fears of a recession affecting the group's production. Grupo México, which controls one of the world's largest integrated copper producers, is highly dependent on copper prices, with more than 80% of its profitability derived from the copper business. Significant dips could present a long-term investment opportunity to participate in copper's key role in the clean energy transition via this world's top copper producer.

As part of a broader strategy refresh, Citigroup is winding down or exiting its international consumer banking franchises. Citigroup now plans to spin out the consumer, small business, and middle-market banking operations of Citibanamex.

Mexican President Andres Manuel Lopez Obrador said Wednesday his government aims to reach an agreement with company Grupo Mexico over the railway it partially took over last week.

Grupo Mexico said on Sunday its negotiations with the government are facing difficulties after the Mexican Navy took over part of a railway in southern Mexico operated by a unit of the company last week.

The Mexican Navy on Friday took over a section of railway in southern Mexico operated by a unit of Grupo Mexico , and shares in the mining and infrastructure company fell by more than 4% after the expropriation.

OMAHA, Neb. — Three major freight railroads responded Monday to the Canadian Pacific-Kansas City Southern merger with an agreement to work together on a competing service to carry shipments across North America.