Source: AP News
Mexico said Friday it wants to declare lithium a “strategic mineral” and reserve any future exploration and mining for the government.
The move is likely to leave Mexico’s only privately exploited mine, expected to start production in 2023, in the hands of a Chinese lithium company.
The changes are contained in a bill that President Andrés Manuel López Obrador has sent to congress. The bill also changes the Constitution to strengthen government control over electricity production and distribution.