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Barclays: Nearshoring set to double Mexico's foreign direct investment, which could rise to US$40B-US$50B from 2024 onward, up from average of US$26B/year in last 25 years

Commentary: China's economic issues have benefited Western nations by lowering prices for imported Chinese goods; US-China relations could also benefit, as it would be in China's interest to attract more foreign direct investment to shore up its economy

Australia-based Fortescue Metals Group to increase US investment with plans for electrolyzers and new EV battery production plant in Detroit; firm to invest US$35M in plant, as project also receives aids from Michigan state and Biden administration funds

Ternium CEO anticipates accelerated growth in Mexico's steel industry over next three years, says Mexican steel key to nearshoring investments; country's steel production rose by 9.7% to 19.6 million tons in 2022

Zimbabwe's lithium exports reach US$209M in first three quarters of 2023, almost tripling revenue from same period in 2022; sector growth attributed to Chinese investments and country's position as Africa's leading lithium producer

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