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New Study Says Mining Powers 4.7% of Mexico’s Economy as Industry Seeks USMCA Recognition

Camimex plans proposals for upcoming USMCA consultations to formalize the sector’s regional role.

Overview

  • The CIDE–Camimex analysis reports the sector supports over three million jobs, including about 416,000 direct positions with pay roughly 40% above the national average.
  • Mexico ships 52% of mineral exports to the United States, and more than 90% feed refining and manufacturing supply chains in North America.
  • Industry leaders say Mexico produces ten minerals considered critical by the United States and urge faster exploration to meet energy-transition demand.
  • Camimex says it is drafting proposals for USMCA consultations to consolidate mining’s place in the regional industrial agenda.
  • The study highlights large value multipliers from processing minerals, estimating up to 28× for silver, 160× for copper, and about 8,700× for iron.