Mexico’s lithium “too strategic” for private investors but what about Chile’s
Mexico’s populist president Andres Manuel Lopez Obrador (AMLO) is ratcheting up his rhetoric on the lithium industry in the country, throwing the future of Ganfeng Lithium’s (HKG:1772) Sonora project (which it bought from Bacanora Lithium) into uncertainty. AMLO has suggested that lithium is a strategic mineral like oil that should belong to the nation, and wants to create a state lithium mining company. Last year Ganfeng said it plans to continue with the project but one wonders how viable this will be… Uncertainty continues in Chile. In another twist to the ongoing saga regarding lithium rights in Chile, a proposed new...
Topics
Chile
Lithium
Mexico
Resource nationalism
