Net exports contributed 0.3 percentage points to U.S. GDP growth in all four quarters of 2023. According to a White House report, significant positive contributions in the first and last quarters were only partially offset by contributions that were close to the normal rate of expansion before the
Although a lower dynamism of the external sector is expected with respect to 2023, Mexico will benefit from the construction of manufacturing plants in the United States in 2024, projected the Ministry of Finance and Public Credit (SHCP). According to its outlook, Mexico’s economic sectors with greater trade
Investment program of Grupo Mexico for this decade exceeds 15 billion dollars including investments in the Buenavista Zinc, Pilares, El Pilar and El Arco projects in Mexico and Tia Maria, Los Chancas and Michiquillay in Peru. This investment plan also includes various infrastructure investments, such as those aimed
SilverCrest Metals increased its sales of gold and silver doré bars at its Las Chispas mine in Mexico by 400% year-on-year in 2023. On the one hand, its gold doré bar sales increased 411% to 58,200 ounces. On the other hand, its sales of silver doré bars increased
The Los Filos gold mine, operated by Canadian company Equinox Gold in Mexico, recorded a 19% year-on-year increase in gold production in 2023, to 159,071 ounces. By 2024, the company projects gold production at this mine to be between 155,000 and 175,000 ounces. The Los Filos Mining Complex
The battery electric vehicles market is expected to account for 15% of global light vehicle production in 2024, according to S&P Global Mobility’s January 2024 projections. After a coverage of 10% in 2022 and 12% in 2023, the trend will be increasing, if the above estimate is met.