After more than a year of COVID-19, Mexican mining companies have learned to work safely to avoid contagion and are returning to pre-pandemic production levels. Metal prices and demand are in an upward trend, suggesting a stronger 2021 compared to the year before. However, challenges continue to hamper the industry’s growth.
Mexico is among the Top 10 producers of 17 minerals. The country ranks first in silver production, sixth in zinc, eighth in gold and ninth in copper. Mining is essential for the country’s development, representing 2.3 percent of national GDP and 8.3 percent of industrial GDP. Despite its great potential however, the sector’s attractiveness has been declining amid uncertainty during the administration of López Obrador following a complete halt in the granting of new concessions and constant pressure from the government regarding mining companies’ fiscal and environmental compliance. Authorities have also expressed an inclination for greater control over the sector and resources li
