The forecast for new projects for 2022 was $955.5 million; however, the actual figure remained 18.7% below totaling 776.4 million dollars. These perspectives occurred in the midst of a more encouraging panorama, after 2021 in which precious metals served as a refuge for investors, which benefited their price, to which was added a sector without changes in the rules of the game.
By 2022, the scenario was already looming turbulent due to Russia’s invasion of Ukraine, and then due to the intentions of the Federal Government to have greater control over the extraction of minerals, such as lithium. However, the outlook looks even more challenging for this year as a result of the Mining Reform.
“For this year [la inversión] will depend on, an important factor, the quotesthe global recovery and the legal certainty in the country, which is what we are working on”, said Jaime Gutiérrez, president of Camimex.
According to the Camimex 2023 Annual Report, the investment for this year will be around 5,210.6 million dollars, which will mean a annual decline of 1%, but it is still necessary to have all the guidelines that will frame the modifications in regulatory matters. “We will have to wait and see how certainty evolves in 2023,” added Karen Flores, director of the chamber.
Among the main concerns of the sector is what will happen to the exploration work for the detection of new deposits, work that in accordance with the new guidelines will now be in charge of the Mexican Geological Service.