Business

Mexico's Thriving Mining and Metallurgical Industry

Discover the glittering potential of Mexico's mining and metallurgical industry. With booming investment, job growth, and untapped resources, this thriving sector is shaping the nation's economy. Unearth the facts in this in-depth article.

Mexicanist

Jun 12, 2023 — 4 min read

A panoramic view of a bustling mining site in Mexico, showcasing the scale and magnitude of the industry's operations and its impact on the nation's economy.

When you think of Mexico, what comes to mind? Beautiful beaches, flavorful cuisine, and vibrant culture? Well, get ready to add another feather to Mexico's cap. The mining and metallurgical industry is currently the country's second most important industry, standing tall just behind the oil sector. With its significant contribution to the economy and a promising future, let's explore the fascinating world of Mexico's mining prowess.

According to the National Institute of Statistics and Geography (INEGI), the mining and metallurgical industry accounted for a remarkable 8.6 percent of the industrial Gross Domestic Product (GDP) and 2.5 percent of the National GDP in 2021. That's a pretty hefty chunk! But wait, there's more good news. The Mexican Social Security Institute (IMSS) reported a 10.4 percent increase in direct mining jobs, totaling a staggering 406,179 jobs by the end of 2021. It's like the industry struck gold in the employment department!

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