MEXICO CITY.- Despite global challenges and economic volatility, Mexico’s mining sector has a unique opportunity to establish itself as a key player in international trade in 2025. Amid political uncertainty, fluctuating mineral prices, supply chain shifts, and a growing need to diversify markets, mining remains a cornerstone for the country’s economic growth and stability.
In 2023, trade in mineral products reached $88,462 million, according to the Ministry of Economy. Of this, $42,000 million came from exports, while imports totaled $46,000 million. These figures highlight the sector’s role as a foreign exchange generator and its critical importance to various industries.
In this regard, Zulma Herrera, Partner and CEO of Mynotauro Co., states, “The mining industry not only drives the economy but also has a multiplier effect on sectors like transportation, manufacturing, and energy. Investments in exploration and extraction ensure resource supply for the local market while positioning Mexico as a strategic global supplier.”
Moreover, according to the Mexico Country Mining Guide by KPMG, Mexico remains the world’s leading producer of silver and ranks among the top ten globally for metals such as gold, fluorite, bismuth, celestite, lead, molybdenum, cadmium, and zinc, among others. Notably, the country holds significant untapped mineral reserves, reinforcing its strategic position. The rising demand for these minerals, particularly from the technology and renewable energy sectors, ensures Mexico’s continued role as a top-tier supplier in international markets.
A key factor underscoring the country’s potential is its lithium deposit in the north. This mineral is essential for manufacturing electric vehicle batteries and energy storage systems, positioning Mexico to lead lithium production, a critical resource in the energy transition. By diversifying lithium and other critical mineral export destinations, Mexico will solidify its role as an indispensable partner in combating climate change.
Despite external factors, such as tightening monetary policies in the United States, Mexico remains an attractive destination for investment. According to the Fraser Institute’s Mining Investment Attractiveness Index, Mexico has climbed to 29th place in the global ranking for mining investment attractiveness, a significant improvement from its 44th position in previous years.
For these reasons, the expert notes, “The mining sector offers key opportunities for international suppliers of machinery, tools, services, and technology. Mine digitalization and the pursuit of more sustainable processes demand cutting-edge solutions, opening new possibilities for foreign companies. Additionally, market diversification helps mitigate risks and expand commercial horizons.”
A Sustainable Future for Mining
The sector’s future will largely depend on its ability to adapt to global demands. Therefore, implementing green mining technologies, establishing clear regulations, and encouraging investment in sustainable projects are crucial. The energy transition and digitalization present valuable opportunities that must be seized through coordinated efforts among companies, investors, and the government.
“The opportunities are within reach. Capitalizing on the growing demand for strategic minerals requires a collective effort to modernize mining operations while meeting environmental and social demands. With leadership in the production of certain minerals, vast lithium reserves, and increasing market diversification, Mexico is poised to establish itself as a strategic supplier in international trade,” concludes Zulma Herrera, Partner and CEO of Mynotauro Co.
Original Article: https://almomento.mx/mineria-pone-a-mexico-en-el-radar-del-comercio-internacionalmineria-pone-a-mexico-en-el-radar-del-comercio-internacional/
