Mexican President announces measures to boost lithium exploitation in the country

Photo: México. By:  DMV Photojournalism. Source: Creative commons.

The President of Mexico, Andrés Manuel López Obrador, announced that his government will enforce the Lithium Nationalization Law to install automotive battery production plants in Sonora. The principal purpose is to take advantage of the state’s natural resources to create jobs and promote economic development. López Obrador also announced that companies will be given facilities to set up in the state.

The president will sign the decree to deliver the lithium reserves to the Ministry of Energy during his visit to the Bacadéhuachi mine in Sonora. In addition, the federal government is expected to allocate around 50 billion pesos in infrastructure works in Sonora during 2023 and 2024. Given China’s recent research and investment in this type of minerals in the region, a future rapprochement with the Asian country can be expected.

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Medios, C. M. S. (2023). El Informador Noticias de Jalisco, México, Deportes & Entretenimiento. Amlo Adelanta que se darán facilidades para explotación del Litio.