Global Business Reports


Mungo Smith, Mariolga Guyon, Natalia Preciado, Maeve Flaherty, Esteban Camarena, Carola Gómez

Mexico Chemicals 2023

April 05, 2023

Over the first 10 months of 2022, Mexico exported 20% more products to the United States than it did during the same period the year before. The global trend towards regionalization is lifting the entire Mexican industrial sector, but for the chemical industry in particular, 2022 was a year of nearshoring-driven growth. 

The persistent shortage of raw materials that constrained the industry over the past several years, however, remains a challenge. Feedstock insufficiencies were exacerbated by continuing logistics challenges and burdensome government regulation. The proposed electricity reform, which will raise energy costs, and reform to the General Health Law, which will ban vital crop protection chemicals, remain an ongoing threat.  

The trend observed across the industry has been a focus on ensuring adaptability and flexibility through strengthened processes. Companies invested in the incorporation of digital technologies, the regionalization and diversification of supply chains, and investment in improved energy efficiency and resource management. 2022 was a year of transition, during which companies all along the industry value chain implemented new systems in response to the difficult lessons of the previous two years. The Mexican chemical industry of 2023 is technologically advanced and operates in a progressively more sustainable manner. After the intensive investment in operational agility implemented over the past year, the Mexican chemical industry is prepared to jump upon the new investment that will continue to flow into Mexico as nearshoring gains momentum.


Haldor Topsoe discusses the potential for energy transition in Latin America.
The Mexican Union of Agrochemicals Manufacturers and Formulators (UMFFAAC) describes the main themes impacting its members.
Cristian García of PROCCYT explains the dynamics influencing Mexico’s crop protecting sector.
FMC discusses the rise of sustainable products which have minimal residues on crops.


Chile Mining 2024 Pre-Release

The Chilean mining renaissance has begun. In 2024, the country is set to experience its first increase in copper production since 2018, driven by Codelco’s production surge and Teck Resources’ Quebrada Blanca II coming online. This year also saw the first major regulatory update since 1983 with amendments to Law No. 21,420, which modernized the mining framework. The government has shown strong support for the industry by committing to reduce permit processing times by a third and proposing 20 actionable measures to streamline processes. Additionally, Chile classified its 69 saline environments, leaving 31 open for private development and initiating a request for information process in April to rapidly advance these areas.



"We plan to double our copper production by the end of the decade. There remains significant upside potential in the gold industry, and the copper operations are strategic and additive to that."