Carlos De Alba

give us an update as to what the timing and the next steps would be for, you know, hopefully reach a final agreement.

Can the regulators handle a dryer material if the ratio improves over time?

I wanted to explore a little bit on the level of confidence that you have on the new guidance for Grasberg

does the numbers, your guidance include the leaching reaching around 800 million pounds in 2028? Or is it not included in that official guidance?

have you talked about the challenges of bringing smelting capacity in the U.S.? And how have they responded to that?

the potential Miami expansion accommodate the increased concentrate from Bagdad and the concentrate portion of Lone Star

what is the expected cost reduction or efficiency gains in terms of volumes that you would expect

that you price your DRI based on pig iron, could you maybe elaborate on any lag on that reference pricing?

I think last quarter, you mentioned that you saw steel demand in the U.S. growing around 2% to 2.5% this year.

How do you think this could impact potentially the announcement of new capacity in the U.S., steel capacity in the U.S.

would you have any preference between incremental buybacks or special dividends? Or are you agnostic to those 2 choices?

would you expect margin expansion in the bar business and maybe in the beams as well?

Can you provide maybe some color by different products, sheet, play, bars, beams

How do they compare to the historical average for this time of the year?

What is your expectation in the coming quarter?

the direct impact on Nucor will be negative if there is importers on Mexican material because of these labs that you import

is there any room, what is the appetite to potentially participate in M&A where you buy existing assets

Can you maybe give us some comments as to what is the company's perspective on these negotiations

how much purchases of third-party concentrate or cathodes did the company do in the third quarter?

What is the expectations in terms of cash cost before byproducts in the fourth quarter and maybe in 2026?

what could be the potential impact on dividends as the Tia Maria CapEx ramps up?

I wonder if we can talk a little bit about the -- what I understand is some maintenance that may take place in some of your Peruvian operations

How do you see working capital in the third and second half of the year

Beyond the impairment, the $16 million impairment, is there any impact on CapEx operating cost and ramp-up schedule?

I wanted to get a little more color on the issues that you faced in the past quarter and related to the inventory write-off you had

can you comment a little bit on working capital? How do you expect that to move throughout the year

Would you know that you didn't talk about potentially getting more into the aluminum business. Is this something that you might consider

Has the situation improved as we get into the fourth quarter? If you can give us a little bit more color as to how that part of your steel business is shaping out

what drove the slightly lower utilization rate in 2025 and 2026 and also the delta in the EBITDA profitability

Does this mean that the volume that we saw in Q1 marked probably the bottom and it should increase from here