Mexican Mining GDP Up 1.3% in 2024: CAMIMEX
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Mexican Mining GDP Up 1.3% in 2024: CAMIMEX

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Fernando Mares By Fernando Mares | Journalist & Industry Analyst - Thu, 07/24/2025 - 11:24

The Mexican mining sector registered 1.3% GDP growth in 2024, reports CAMIMEX. The increase was mainly driven by increases in metal prices, especially precious metals. In other news, the US Department of Commerce has imposed preliminary anti-dumping duties of 93.5% on graphite imports from China. Electric vehicle players like Tesla and Panasonic protested against the measure over domestic supply concerns. 

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Mexican Mining Sector Grows 1.3% in 2024

The Mexican mining sector recovered in 2024, registering a GDP growth of 1.3% after a challenging previous year, according to the CAMIMEX 2025 Annual Report. Growth was primarily driven by an increase in metal prices, especially precious metals. Despite the sector’s growth, investment challenges persist, the chamber notes.

Defiance Silver Acquires GEMS, Adds Three Projects in Sonora

Canada-based silver exploration and development company Defiance Silver completed the acquisition of Green Earth Metals (GEMS), a privately held company with a portfolio of three copper-gold-silver projects in Sonora. The company considers the projects offer untapped potential in a region with successful producing mines. 

Read This is You Hold a Mining Concession Title in Mexico

Ruben Cano, Founding Partner, CR Legal Partners Mexico, walks through the implications of a landmark June 25, 2025, Supreme Court ruling that upholds the constitutionality of Mexico's 2023 Mining Law reforms. The decision clarifies the legal landscape for existing concession holders by establishing a key precedent that distinguishes between protected "acquired rights," such as the duration of a concession, and regulatory clauses, like water usage rights, which can be modified by the new legal framework. 

Oroco Expands Project With Vainilla Concession Acquisition

Oroco Resource has entered an option agreement with Aztec Zinc de México to acquire a 100% interest in the Vainilla Mineral Concession, located in Sinaloa.

Mining+Indigenism+Dysfunctional Govt: Fix the Problem, Move on

Jesús Enrique Pablo Dorantes, Environmental Vice President, Centro de Estudios Jurídicos y Ambientales (CIIJA), considers that Mexico can resolve the conflict between mining investment and Indigenous rights by adopting participatory models with real Indigenous co-ownership, similar to frameworks used in Canada and New Zealand.

United States Targets Chinese Graphite With 93.5% Tariff Hike

The US Department of Commerce has imposed preliminary anti-dumping duties of 93.5% on graphite imports from China, a key material used in electric vehicle batteries, following findings that Chinese producers had received unfair government subsidies.

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