Mexico nationalizes lithium production


The raw material is mainly required for the construction of electric cars.

(Photo: Bloomberg)

Mexico City the for Electric cars important raw material Lithium is allowed in Mexico only be promoted and sold by government agencies in the future. The Senate of the Latin American country approved a corresponding reform of the mining law on Tuesday (local time) with a large majority. The initiative of the left-wing nationalist head of state Andrés Manuel López Obrador envisages the establishment of an authority that will research, promote and market the so-called white gold.

Lithium is not yet mined in Mexico. However, a number of concessions have already been awarded, most of which have not yet been used. The government wants to review all contracts and terminate them if necessary. The most advanced project is operated by the Chinese company Ganfeng Lithium in the state of Sonora in the north of the country.

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