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The month saw significant developments in infrastructure and economic planning under the leadership of Claudia Sheinbaum. Officials inaugurated the final section of the Mexico-Toluca interurban train. In parallel, Sheinbaum announced the opening of seven investigations against officials for fuel theft and stated that Mexico will recover 200 mining concessions.
The incoming government, led by President-elect Claudia Sheinbaum, is collaborating with business leaders on an investment plan to accelerate economic growth. This strategy involves creating companies with mixed public and private capital, where the government will hold a majority stake to manage the joint projects.
In international relations, Mexico and the United States announced a new joint action plan focused on securing critical minerals essential for technologies like electric vehicle batteries and semiconductors. As part of this agreement, Mexico is preparing to adjust its national extractive policy. The U.S. is also coordinating with other allies, including Japan and the European Union, on these mineral supply chains.
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Mexico has suspended its oil shipments to Cuba. The country's president, Claudia Sheinbaum, confirmed the halt, stating that the state oil company Pemex had an open contract to supply crude oil to the island. Former U.S. President Donald Trump said he asked Sheinbaum to stop the shipments and that she complied. Mexico says it will continue to send humanitarian aid, like food, to Cuba instead.
Mexico has announced separate joint action plans with both the United States and the European Union focused on securing critical minerals, which are essential for modern technologies like electric vehicle batteries and semiconductors. These bilateral agreements aim to strengthen supply chains and cooperation in strategic sectors.
Mexican officials led by Claudia Sheinbaum inaugurated the final section of the Mexico-Toluca interurban train. Sheinbaum also announced that seven investigations have been opened against officials for fuel theft and that Mexico will recover 200 mining concessions.
Mexico's incoming government, led by President-elect Claudia Sheinbaum, is working with business leaders on a plan to increase investments in the country. The plan involves a mix of public and private money, with the government saying it will hold a majority stake in the companies created to manage these joint projects. The government forecasts this approach will lead to faster economic growth.
Mexico has reversed its policy on hydraulic fracturing, or fracking, opening the door to the controversial oil and gas extraction method. The country had maintained a ban on the practice during the presidency of Andrés Manuel López Obrador, who left office last year.
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