Mexico mining output to shrink 17% in 2020, industry group says

Commodities & Futures

MEXICO CITY (Reuters) – Mexican mining output will likely fall by about 17% in 2020 due to the impact of the coronavirus pandemic, and should recover by the first quarter of next year, the head of the country’s mining chamber said on Wednesday.

In interview with Reuters, Fernando Alanis, president of the chamber known as Camimex, also estimated that Mexican mining exports would decline by around 10% this year.

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