Mexico to See $1.4 Billion of Metals & Minerals Projects Kick Off in 2023

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Researched by Industrial Info Resources (Sugar Land, Texas)--Industrial Info is tracking more than US$1.4 billion worth of Metals & Minerals projects in Mexico that plan to start construction during 2023.

Of these, 66% of the total investments are located in the states of San Luis de Potosí, Colima Jalisco y Nuevo León.

Investments in mining activity in Mexico represent 42%, with more than US$590 million worth in projects. On the other hand, project activity in the steel production sector represents 23% of the total investments in the country, with more than US$325 million.

Iron and copper mining activity is being driven by global and local demand. Both iron and copper are raw materials used in the energy transition, so modest but sustained growth is expected during 2023.

Subscribers to Industrial Info's Global Market Intelligence (GMI) Metals & Minerals Project Database can click here for a look at related project reports.

Click on the image at right for a graph showing the top 10 states in Mexico for kickoff investments this year in the Metals & Minerals Industry.

Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).