Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Mexico’s mining production decreased by 5.1pc in 2019 compared to the year before, due to lower demand for metallic and non-metallic ores.


Additionally, construction and industrial activities declined by 5pc and 1.8pc, respectively—the former because there were fewer specialized construction and civil engineering works—because of reduce demand for steel products, the the National Statistics Agency (Inegi) said in a statement.


In 2019, metallic and non-metallic mineral mining decreased by 2.2pc from 2018.


Last year, Mexican President Andrés Manuel López Obrador halted construction of major infrastructure projects, including a new international airport in Mexico City. However, his government announced an infrastructure plan worth 859bn pesos ($42.9bn), which includes constructing 147 developments through 2024. 


The steel, mining and the construction industries expect demand to increase in 2020 because of the new projects.

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