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Mining Sector Propels $14 Billion Project Capex in Mexico

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SUGAR LAND--April 6, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--Metals & Minerals project construction activity in Mexico was depressed in 2019 and 2020, due to market conditions and the impact of COVID-19. In 2020, the Mexican government halted new mining concessions and is seeking greater involvement in the development and extraction of mined commodities. In spite of this uncertainty, the market has improved and miners are planning to spend more in 2021. At the end of 2020, project construction activity in Mexico was up 33% compared to 2019, according to Industrial Info's North American Project Spending Index.

Within this article: Mining & Minerals project activity in Mexico.

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Industry Segment: Metals & Minerals
Word Count: 293 Words
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