Camimex is looking for an expanded materials plan

The Mexican Chamber of Mining has insisted that the federal government create a plan to expand materials refining in Mexico, ahead of the challenge posed by China and the United States' strategy of reduced dependence on critical minerals, by making local investments and forging alliances with other countries.

Grupo Mexico operates in its principal copper electronic refinery. This installation processes metal to obtain Cathodes and high-purity wire rod, recovering materials such as gold, silver, molybdenum, and selenium.

At the same time, Peñoles Industries, the most important metallurgical plant in the world, which operates in Torreon, Coahuila, has been charged with the responsibility of refining non-ferrous metals, with the main production of refined silver, gold, lead, and zinc that meet high international purity standards.

In addition, Mexico refines iron ore to produce steel. In general, Mexico has an equilibrium between the principal ores it produces and its refining capacity. Camimex intends to generate the regulatory conditions, governmental strategies, and legal certainty for future investments, once the production of some ores grows and it becomes necessary to have new refineries or to expand the existing facilities.

Arturo Tronco, Commercial Director of Peñoles, has highlighted that the future could be defined by countries with access to critical minerals, given geopolitical and economic factors, and that it will no longer depend solely on advanced industries.

“It is both possible and necessary to strengthen Mexico’s role as a supplier of critical minerals to other countries in order to advance the green economy and areas of paramount importance in global competition, such as artificial intelligence, high technology, and defense,” Tronco added.