"We are excited to be moving towards the production of MREC later in 2023 at Makuutu by the role Makuutu can play in developing a magnet and heavy rare earth supply outside of China."
Mexico's chemical industry faces challenges in securing a reliable feedstock supply and maintaining global competitiveness. A shift towards sustainable energy and local production could provide long-term growth opportunities, and some sectors are booming, including Mexico's dynamic chemical distribution market.