According to GlobalData, Mexico is the world’s fifth-largest producer of zinc, with output of 767kt in 2022, up by 3% on 2021. Over the five years to 2021, production from Mexico increased by a CAGR of 3% and is expected to rise by a CAGR of 3% between 2022 and 2026. GlobalData uses proprietary data and analytics to provide a complete picture of this market in its Global Zinc Mining to 2026 report. Buy the report here.
Mexico accounts for 6% of global production, with the other largest producers being China (33%), Peru (12%), Australia (10%) and India (6%). Exports of zinc from Mexico increased by 3% to 710kt in 2022 over 2021, with the highest share being exported to the Republic of Korea. Mexico’s zinc exports are expected to grow at a CAGR of 3% between 2022 and 2026, to 800kt by 2026.
Leading producers of zinc in Mexico are Industrias Penoles, Newmont, Grupo Mexico, Minera Frisco, Pan American Silver and Hecla Mining. Industrias Penoles's output was 274.05kt in 2021, down by 5% on 2020. Newmont produced 197.31kt, an increase of 14%, and output from Grupo Mexico was 66.96kt, a decrease of 3% on the previous year.
For more detailed analysis of global zinc mining, buy the report here.