MINING IN MEXICO

The mining sector registered an investment of 4 thousand 809.6 million dollars in 2021, which represented an increase of 36.1% compared to 2020. For 2022, a recovery in the investment amounts was estimated, with a total of 5 thousand 538.8 million dollars, and by 2023 an increase of more than 15.2% year-on-year is expected.

The market value of the mining sector in Mexico reached 1,830 million dollars and is estimated to grow at a compound annual growth rate of 2.9% between 2023 and 2030.

According to a report by Grand View Research, the value of the mining market is expected to reach 1.87 billion dollars in 2023 and by 2030, it will reach 2.3 billion. The growth of the industry is attributed to the growing demand for precious metals, which account for the largest share of the market, as well as for metals such as copper, IRON, manganese, zinc and lead, which find various uses in electrical applications and electronics, which is further fueling growth.