"Our clients invest significant resources in geophysical surveys, and fluctuations in funding availability can significantly impact the industry's health."
"We are excited about the opportunities in the industry, but we also recognize the need to address challenges such as the skilled labor shortage and attracting new talent to mining."
"The biggest challenge is that mineral projects take a long time to explore and develop, while markets offer comparatively short windows for financing."
In August 2023, Mexican exports to the US surpassed China for the first time. As companies prioritize securing supply their chains after years of logistics challenges, Mexico has begun to see major benefits. With a spate of new infrastructure projects such as the Interoceanic Corridor of the Isthmus of Tehuantepec coming online in 2023, the country is actively opening itself to investment. The chemical industry, in particular, is positioned for nearshoring-driven growth.