Overview
- On the penultimate trading day, the S&P/BMV IPC traded near 65,431 points and was up roughly 31%–32% for 2025, placing Mexico among the year’s top global markets.
- The FTSE-BIVA advanced 28.62% for the year, with dollar returns above 40%, underscoring broad strength across Mexican equities.
- Non‑energy mining names dominated gains, with Industrias Peñoles up about 266%, Grupo México roughly 70%, and Fresnillo near 363%, outpacing most sectors.
- The surge tracked outsized moves in precious metals, with gold up about 65% and silver about 143% in 2025, while copper rose near 39%.
- Analysts point to expected rate cuts, emerging‑market inflows and Mexico’s tariff reform as tailwinds, while reduced exploration, regulatory delays and social‑environmental frictions raise sustainability questions for 2026.