Like any other country, we must show economic and fiscal discipline through a well-structured model that relies on infrastructure and security. This has been the main priority during the administration of President Peña Nieto and we are prioritizing the trade negotiations to make sure that all the treaties are accurate in reflecting the interests of our industries. We strive to broaden the number of companies we support and to provide them with the training and the additional services that we offer. This would help those that do not currently have enough access to fund their expansion projects. We are continuously working on our ability to support companies and to find ways to do this better. FIFOMI also helps finance projects related to Corporate Social Responsibility as when they are for a mining community located close to an active project, such as an infrastructure development.
Gold, from ancient times to now, has been an indisputable store of wealth and also a way to hedge against geopolitical volatility and inflation. It is a well-regulated and established market. In the 1990s, we went through a crisis when central banks started to sell their gold holdings. This caused the price of gold to collapse, but afterward, the geopolitical situation forced central banks to understand the role of gold in maintaining wealth and therefore their holdings. Gold has a well-established role in the market while cryptocurrencies still have to be regulated and understood to compete with precious metals. It can be used to complement gold investments but cannot replace it at the moment as the role of cryptocurrencies in the market is still not fully defined.
Lithium is the flavor of the month at the moment for several reasons, the most important being that people have not yet lost money on it in a prior market downcycle. This means investors are generally unburdened by caution when it comes to this metal and there are no bad expectations. Another factor is that the world is not short of lithium. The reason for the upsurge is that demand for lithium increased so quickly that the producers of the metal could not increase their productive capacity fast enough to meet demand, and the speculators conflated the price increase in lithium with a shortage of lithium. There is no shortage of lithium, rather a shortage of lithium processing capability, and the industry is working very hard to increase productive capacity, which will fix this problem.