Mexico critical mineral production draws US strategic interest
Although not listed as a producer of rare earth elements, Mexico produces eight of the 60 critical minerals of interest to the U.S. that are included in the joint action plan aimed at mitigating vulnerabilities in North American critical mineral supply chains. Mexico is among the world’s leading producers of antimony, barite, copper, fluorite, graphite, lead, silver and zinc, all critical minerals that the U.S. Geological Survey (USGS) prioritizes as vital to the U.S. economy and its national security. The USGS values these products as they fall within categories it considers vulnerable due to their role in essential technologies (e.g., batteries, energy, electronics and defense). The U.S.-Mexico action plan is linked to the U.S.-sponsored Critical Minerals Ministerial plan comprising more than 55 nations including Mexico. Mexico is also a participant in multilateral negotiations on critical minerals with Canada, Japan and the 27 members of the European Union. Mexico is not l...