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Mexico thinks about silver - impact on the silver market

Mexico, the world's largest silver-producing country, is pursuing a nationalization trend with regard to its resources.

(PresseBox) (Herisau, )
Mexico's mining and energy investments could change global markets due to the nationalization trend, which could perhaps also be extended to silver. The so-called "Fourth Transformation" is a movement that aims to nationalize resources in the country. Mexico nationalized its lithium reserves in 2022, followed by the electricity sector in 2023. And this despite the fact that there is no producing lithium mine in Mexico.

As silver is an extremely important energy metal, silver could now also fall under the nationalization efforts. In 2024, Mexico confiscated a quarry from a mining company in the USA. The expropriation also includes the company's land and port. Whether silver will actually be nationalized is still uncertain. In any case, mining concessions have been reduced from 50 to 30 years and water permits are subject to strict regulations. This development is likely to affect young exploration companies. A new president has been in power in Mexico for a good three months now. And experts assume that the nationalization efforts of his predecessor will not continue or intensify but rather decline. After all, Mexico needs money, and this comes from mining and therefore also from foreign investment. Silver producers and explorers are therefore more relaxed about the future

Discovery Silver - https://www.commodity-tv.com/ondemand/companies/profil/discovery-silver-corp/ -, for example, is well established in Mexico with its silver and silver-zinc-lead projects. The company is advancing one of the largest silver development projects in the world.

Foran Mining - https://www.commodity-tv.com/ondemand/companies/profil/foran-mining-corp/ - stands for a lower-emission future. If you want to avoid Mexico, you can take a closer look at Foran Mining. The company owns nine properties in Saskatchewan. The raw materials contained therein are copper, zinc, silver and gold. Current projects include the development of the McIlvenna Bay deposit, the evaluation of the Bigstone deposit and the exploration of several promising targets near mines.

Current company information and press releases from Discovery Silver (- https://www.resource-capital.ch/en/companies/discovery-silver-corp/ -) and Foran Mining (- https://www.resource-capital.ch/en/companies/foran-mining-corp/ -).

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.