Mexico is an indispensable metal supplier of the automotive, electronic, computing and energy industry of the T-MEC, according to the Mining Chamber of Mexico (Camimex).
“The United States continues to be the most relevant destination for mineral exports, concentrating 52 percent of Mexican mining exports, which makes Mexico an indispensable supplier for key industries in the region, such as automotive, electronics, computation, petrochemical, energy among others,” according to the study Relevance of the Mexican mining sector in national economic development.
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The study, prepared by the Economic Research and Teaching Center (CIDE) at the request of CAMIMEX, shows that 90 percent of mining exports incorporate added value, result of processes ranging from refining to manufacturing made in Mexico.
Mexican mining has an important role as an indispensable supplier for the competitiveness and integration of North America, added the analysis presented by Pedro Rivero, president of the Chamber.
He indicated that to fully take advantage of the potential of mining, it is necessary to strengthen a mining industrial policy that promotes technological innovation, especially in geological exploration, promoting sustainable practices, generates greater regulatory efficiency and integrates local communities.
“Mexico’s ability to provide supplies through minerals reinforces their role as an indispensable industrial partner within the T-MEC,” said Francisco Cervantes President of the Business Coordinating Council (CCE).
“Mining has a fundamental role as a key link in multiple industrial chains such as automotive, construction, electric, petrochemical, energy, among others,” said Alejandro Malagón, president of the Confederation of Industrial Chambers (Concamin).
According to the industrialist, mining is one of the 5 sectors that add up to the industrial GDP, contributing 8.7 percent.
Pedro Rivero, president of Camimex, stressed that mining is an economy and well -being engine for Mexico.
“Its 4.7 percent contribution to the national GDP and the more than 416 thousand direct jobs, many of them in rural areas, which by joining its value chain exceed 3 million, show that it is a pillar of economic and social development, capable of generating well -being in hundreds of communities in the country,” said the business.
He explained that each mineral multiplies its value as it is transformed into industrial inputs of greater complexity. For example, silver multiplies its value up to 28 times, copper up to 160 times and iron more than 8,700 times.
“These processes reflect that Mexican mining is the base of value chains that generate jobs, technological development and prosperity throughout the productive fabric,” said the president of Camimex.
The study by Rodrigo Aliphat Rodríguez, Óscar Arturo García González and Vanessa Twenty -Sile Brando, researchers from the CIDE Development Studies Division, showed that mining drives 192 productive sectors through chain relations forward and backward.
The researchers explained that mining supplies 123 branches of the economy that use minerals as basic input in manufacturing and transformation processes, which generate 4.3 million jobs and a total production value of more than 10 billion pesos.
On the other hand, mining is linked to 26 sectors that provide supplies and services necessary for their daily operation. Together, these sectors generate 2.6 million jobs and a production value of more than 5 billion pesos.
“This double relationship, thrust and drag, reflects how mining constitutes a key axis for the growth of other industries and the dynamism of dozens of suppliers, positioning itself as a key reference in economic growth and international competitiveness of Mexico,” they said.
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To this are added 43 branches of associated services that make up an ecosystem around mining with more than 6.9 million additional jobs and a production value of more than 5 billion pesos. This impact reinforces the transverse character of the industry, by energizing activities that multiply economic and social well -being throughout the country.
Similarly, the study concludes that Mexican mining generates more than 3 million direct and indirect jobs, with an average remuneration of 22 thousand 518 pesos per month – three times the minimum wage and higher than the average of the manufacturing sector -, in addition to energizing 14 million jobs throughout its value chain.
