Export restrictions on critical raw materials have increased more than fivefold in the last decade, the World Trade Organization (WTO) reported Tuesday. Given widespread demand and concentrated supply, international trade will play a key role in meeting the rapidly growing demand for critical raw materials (CRMs), such as
World merchandise trade volume slumped in the fourth quarter of 2022 and remained weak in the first quarter of 2023, weighed down by the Ukraine war, stubbornly high inflation and tighter monetary policy, according to a report from the World Trade Organization (WTO). The quarter-on-quarter decline of 2.4%
The U.S. automotive industry is the largest among the countries in the Treaty between Mexico, the United States and Canada (USMCA), a trade agreement that began in July 2020. According to the U.S. International Trade Commission (USITC), the U.S. economy has higher levels of production, sales and trade
Newmont‘s Peñasquito, Torex Gold‘s Limón-Guajes, and Fresnillo plc‘s La Herradura led the top gold mines in Mexico in 2022, according to data from the Mexican Mining Chamber (Camimex). Other leading mines belong to Pan American Silver, Alamos Gold, Equinox Gold, Coeur Mining, Agnico Eagle Mines, First Majestic Silver,
At the end of 2022, PMI Comercio Internacional, the company that manages imports and exports of crude oil products for Pemex, had 17 clients in five countries. According to the Mexican government, among these countries, in 2022, 66.9% of Pemex’s crude oil exports were to customers in the
Mexico captured 572 million dollars in mining exploration in 2022 and the Mining Chamber of Mexico (Camimex) projects that this capital will decrease 4.8% in 2023, to 544.4 million. The exploration phase is essential to identify economically exploitable mineral resources and to give continuity to the mining industry,