Newsletter

Plan on limiting water concessions to Industry

In a scenario of persistent droughts and scarce rains, limiting water concessions becomes a crucial issue to guarantee personal consumption and domestic use of the vital resource in Mexico. The president, Andrés Manuel López Obrador, presented a constitutional reform initiative that seeks to reinforce this right and limit permits for industries such as mining. The content of the initiative seeks to modify the sixth paragraph of Article 4 of the Constitution to establish the preference for personal and domestic consumption of water over any other use. The federal government estimated that currently, 66% of water concessions are located in unavailable aquifers. The administration also noted that only 18.96% of metal mining concessions are in overexploited aquifers.

April 18, 2024

International Mining Conference

From April 22 to 26, Chihuahua capital will host the XIV International Mining Conference and Expomin, organized by the Association of Mining Engineers, Metallurgists and Geologists of Mexico, with the support of the State Mining Directorate. The main objective is to highlight the geological potential of the region, promote Chihuahua's supply industry and encourage community participation in mining processes. Topics such as mining exploration and exploitation, environmental sustainability and data science applications in artificial intelligence, among others, will be addressed.

Link to the full event: More info

April 16, 2024

Production of Parral Mine in Chihuahua

Production of 375,745 ounces of silver equivalent was 25% up from the 300,260 ounce platform in the fourth quarter of 2023. The productive platform was composed of 138,657 ounces of silver, 2,184 ounces of gold, 93 tons of copper and 92 tons of zinc. With commissioning of the SART Zinc circuit complete, this marks the first quarter in which Parral produced a salable zinc product.

"Now that the commissioning of the SART Zinc circuit is complete and operational, we are seeing an increase in gold and silver leaching in addition to the production of a salable Zinc product," noted Brad Langille, president and CEO from GoGold Resources. 

April 12,  2024

USA vs China. Industrial Growth in Mexico.

By 2024, a consolidation of investments, mergers and acquisitions is expected in northern Mexico, as part of measures to protect supply chains from disruptions caused by the pandemic and geopolitical tensions. Investors from the United States, China and other parts of the world see Mexico as an opportunity for strategic industrial investments, especially above and beyond the capital markets. American investors are the most active, while China has emerged as a major investor, previously directed primarily toward Brazil. Chinese industries are also considering Mexico as a strategic option to manufacture components that can be exported to the US market.

April 10, 2024

What's coming for 2024?​

For Mexico, nearshoring is a catalyst for economic growth, allowing the creation of jobs, increased productivity, the development of new technologies and boosting the country's image in the world. The main sectors that have attracted the most foreign investment in the last 10 years have been the automotive, manufacturing, energy and financial services industries. It is estimated that between 2024 and 2025, 495 new companies will arrive in Mexican industrial parks (AMPIP). And of these companies it is believed that 20% will be of Chinese origin. Mexican SMEs, potential suppliers, must prepare to take advantage of the opportunities offered by this economic phenomenon by strengthening their productive capacity, improving their technological infrastructure, establishing strategic alliances and increasing their competitiveness..

April 5, 2024

Nearshoring tendencies in México 2024

According to the Council of Global Companies (CEG), nearshoring could generate up to 4 million jobs in Mexican territory by 2030, receiving between 30 and 50 billion dollars annually.

According to the same report, the manufacturing of auto parts remains the main driver of demand for Nearshoring in our country. However, although the automotive sector has been the main driver of nearshoring in Mexico, it is expected that in 2024 there will be greater diversification towards other sectors such as: Aerospace, Information Technology, Development of industrial parks, Big Data, Artificial Intelligence (AI ).

April 2, 2024

MRO Supplies shortage

In the competitive world of industrial maintenance and MRO (Maintenance, Repair and Operation) management, the start of the year poses significant challenges for companies.

During this period, it is common to face shortages of industrial inputs as many companies reduce their operations due to annual closures and seasonal holidays. Additionally, rising prices of raw materials such as oil tend to increase due to international conflicts and other factors. This combination of factors can lead to price escalation across all types of industrial MRO inputs, affecting the efficiency and profitability of operations.

March 15, 2024

​Mexico imposes new tariffs

Countries with which Mexico does not have a Free Trade Agreement will have to pay 25% in tariff taxes until 2025.

To protect the national industry and in line with the messages that The White House has been sending in recent years. Mexico modified its Import Tax Law to assign tariffs to products from countries with which it does not have a Free Trade Agreement. These tariff rates range from 15% to 25% and apply to industries such as footwear, plastics, glass and ceramics, among others.

March 5, 2024

Updated Input - Product Matrix

Information that reflects the economic relationships carried out between different sectors and agents in all phases of the economic cycle (production, marketing, consumption and investment) as well as the composition of production, use and Gross Domestic Product by type of activity.

March 1, 2024

IMAI confirms growth in mining

The Monthly Indicator of Industrial Activity (IMAI) allows us to monitor the evolution of industrial activity in Mexico. The IMAI confirms that the mining sector, specifically, grew by 1.4% starting in 2024. Continuing with this potential, a year with a lot of industrial activity is expected.

February 28, 2024