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

Mexico’s industrial output dropped by 17.5pc on an annual basis in June due to decreased construction, manufacturing, and mining activities, because of the COVID-19 crisis.


Construction, manufacturing, and mining activities in Mexico saw declines of 26.1pc, 18.3pc, and 5.3pc, respectively, in June compared to the same month last year, the National Statistics Agency (Ineg) said in a statement without disclosing volumes.


Metallic and non-metallic mineral mining activity fell by 12.4pc on an annual basis in June, while construction of civil engineering works and specialized construction work decreased by 29.2pc and 21.7pc, respectively, in the same month.  


Mexico’s mining output could fall by 17pc this year following the two-month suspension of operations to contain the spread of COVID-19.


Mexico’s crude steel production fell by 21.4pc to 1.1mn mt in June of this year from 1.4mn mt produced in the same period the prior year. 



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