EXCLUSIVE Mexico now ready to welcome private lithium miners

06/02/2021

Source: Reuters

Mexico’s leftist ruling party has dropped plans to nationalize lithium production and is now pushing to welcome private investors to help develop the country’s potential in the metal used to make batteries, the senior lawmaker behind the proposal told Reuters.

Mexico, a major copper and silver producer, is home to large potential reserves of lithium, used in electric vehicle (EV) batteries. Most of it is in hard-to-tap clay deposits that are costly and technically difficult to mine.

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