Mexican Miners Show Strong Results: The Week in Mining

Donald Trump is expected to change the North American mining sector due to his stance on taxation and shift to fossil fuels, as well as his interest in unlocking critical minerals supply chains closer to home. In other news, Mexico ranked as the third main investor in the Peruvian mining industry, following Canada and China. This follows Mexican mining companies listed on the Mexican Stock Exchange (BMV) achieving MX$1 trillion (US$42.02 billion) in market capitalization

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Trump’s Policies to Impact North American Mining

With Trump now in office as President of the United States, the North American mining sector faces challenges on two fronts: tax policy changes and shifts in critical minerals supply chains. While Mexico and Canada can supply essential minerals to the United States, future developments depend on Trump’s decisions to fulfill his campaign promises.

Fortuna Mining Divests From San Jose Mine in Mexico

Fortuna Mining has entered into a binding letter agreement to sell its entire 100% interest in Compañia Minera Cuzcatlan to the private Mexican firm Minas del Balsas (MDB). The company stated that, after 13 years of operation, the asset is no longer a part of its core assets.

Mexican Mining Companies Achieve Record Market Caps

In 2024, Mexico's leading mining companies listed on BMV surpassed the MX$1 trillion mark in market capitalization. This achievement underscores the strength of the sector, driven by a significant rise in the prices of key minerals, particularly gold and silver.

Global Lithium Demand to Grow Despite Trump Policies

While Trump’s rollback of EV targets may temporarily dampen demand for lithium and other critical minerals, analysts remain confident in the resilience of the industry amid robust global EV growth.

2024 Mining Market Review: Top, Worst Performers

The world’s most valuable mining companies collectively held a market capitalization of US$1.28 trillion by the end of 2024, reflecting a decline of US$126 billion from the previous year. The top three companies by market capitalization were BH Group, leading with US$124.6 billion, followed by Rio Tinto at US$101.7 billion, and Southern Copper with US$72.8 billion.

China, Canada, Mexico Dominate FDI in Peru’s Mining Sector

China, Canada, and Mexico continue to lead as the primary sources of mining investment in Peru, collectively accounting for 57% of the sector's FDI. Cerro Verde, operated by Freeport-McMoRan, emerged as the top copper producer in Peru, followed by Antamina, a joint venture between BHP, Glencore, Mitsubishi, and Teck Resources. Southern Copper, owned by Grupo México, also ranked among the top producers in the country.