Mexico to urge US, Canada firms to participate in lithium market. miningnews
“In all cases there must be associations of the public company with private entities and we do not want lithium to be taken out of Sonora,” he said at a regular news conference, referring to government plans to exploit the mineral in the northern Mexican state.
Lithium will be used for purposes such as the production of electric car batteries, but only factories installed in Sonora will be able to take advantage of the mineral, Lopez Obrador noted. Nonetheless, analysts argue that companies are more likely to focus near-term investments in Chile or Argentina’s sprawling salt flats, where industries are more established and policies more market-friendly.
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