Mexico Commodity Insights Briefing

The entanglement of US-Mexico trade, migration, and security policies could reshape the political and economic foundations of North America. What might tariff policies, the renegotiation of the USMCA, political milestones, and a shifting global order mean for the region’s industry, integration, and competitiveness? This session features an exclusive, high-level interview with Mexico’s Deputy Minister of Economy, offering insight into Mexico’s positioning strategy in today’s complex geopolitical landscape.

Mexico's energy policy seeks to reduce dependency on imported gas and fuels while addressing vulnerabilities posed by fluctuations in the US market. As the North American gas market undergoes significant changes, we will explore how Mexico can enhance its hydrocarbon production by tapping into domestic basins and liquid-rich resources. How can Mexico advance toward energy independence, and what strategies will support its progress to revitalize established basins and explore new areas?

The energy connectivity between Mexico and the United States is characterized by a significant and interdependent trade in crude oil and refined products. Mexico is a major supplier of crude oil suitable to the U.S. refineries. The U.S. is a critical supplier of refined products. The new road between the two countries is getting bumpy. Smuggling and illegal markets tied to cartels are increasing and getting more sophisticated. How could geopolitical tensions and trade barriers disrupt oil and fuels supply chains? What are the pathways to joint energy security and combat illegal trade?

Steel, cars, and electric power are the backbone of Mexico’s manufacturing competitiveness and at the center of a changing North American industrial landscape. Tariffs, cross-border supply chains, and global competition are reshaping how these industries connect, while China’s export overcapacity adds new pressure. Can Mexico secure reliable and sustainable electricity to support growth in steel and automotive manufacturing? And how might the choices Mexico makes today reshape the future of industrialization in North America?

Mexico’s power sector has entered a new phase where state entities have a central role in shaping investment and operations. At the same time, private sector participation remains an important driver of innovation, financing, and technology. How can Mexico balance these complementary roles to ensure reliable, affordable, and cleaner electricity supply? Discussion will highlight evolving policy priorities, opportunities for public-private collaboration, and strategies to meet energy transition and energy security goals.

Mexico has an opportunity to transform its agricultural and energy landscape by expanding domestic fertilizer production and developing a competitive biofuels sector. By leveraging natural gas supply, Mexico can reduce urea imports, strengthen fertilizer security, and enhance agricultural productivity. At the same time, biofuels— such as ethanol and sustainable aviation fuel (SAF)— offer a pathway to decarbonize the energy matrix and stimulate rural economic development. How can coordinated policy, innovation, and investment strategies unlock energy and agribusiness development?

Government policy can set incentives. Private investment is the engine of Mexico’s growth, essential for creating jobs, advancing social goals, accelerating technology, and strengthening competitiveness. What conditions are needed to give investors’ confidence at a time of shifting supply chains and a rapidly evolving U.S.–Mexico relationship? How can public and private leaders work together to unlock capital, encourage innovation, and ensure Mexico’s long-term industrial leadership?

Mexico has developed a robust recycled market across various polymers resins, however understanding it could be complex considering the informal recycling sector. With a clear analysis of this particular market, Platts has developed a methodology for a Recycled PET Mexico assessment. Let us provide the insights and market dynamics behind it during this workshop.

The aluminum and steel markets in Mexico have witnessed remarkable growth in recent years, with the United States serving as a crucial trading partner. In response to this expansion, Platts introduced domestic assessments for #1 Busheling and Heavy Melting Scrap (HMS) in 2024, followed by the launch of CIF duty-unpaid primary aluminum price assessments in 2025. How has the implementation of 50% tariffs on both commodities affected demand and pricing throughout 2025? Explore with us the methodology behind these new assessments and analyze their impact on the Mexican market.