Mexico Energy Weekly Monitor

January 11, 2023

Midway through the “Three Amigos”

• A handful of non-controversial but encouraging agreements have emerged half-way through the January 9-11 North American Leadership Summit (NALS), or “Three Amigos” gathering, in Mexico City. 

• Among these, as detailed Tuesday in summit fact sheet provided by the White House, these include an accord between the three leaders of Canada, Mexico and the US to hold a first-ever trilateral semiconductor summit with industry representatives and cabinet-level officials “in early 2023” – the latest in a global movement to exit Asian dominance in the chip market.  

• The leaders also agree to expand critical minerals mapping in all three countries considering the special materials required for computer chips, as well as for lithium needed in rechargeable batteries. They also committed to coordinate development of a region-wide standard for EV charging stations and agreed to reduce methane emissions from the solid waste and wastewater sector by at least 15% by 2030 from 2020 levels.