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Mexico’s mining sector to reach almost $18 billion by 2020

Friday, October 6, 2017

Mexico's mining industry is expected to stage one of the strongest recoveries in Latin America over the coming years, thanks to a strong pipeline of projects across mineral sectors, competitive operating costs, supportive government policies and rising metal prices, a new report says.

According to analysts at BMI Research, the particular composition of Mexico’s mining industry will help it reap benefits quicker than other nations, as mineral prices for its key domestic commodities — silver, gold and zinc — are expected to perform well until at least 2020. The country’s industry value will increase from $15.7 billion in 2016 to $17.8 billion by 2020.