Submitted by lk on Wed, 08/24/2022 - 17:38

In view of the rising global demand for lithium, the Mexican government has founded a state-owned company to extract and market the light metal. The raw material, which is important for electric cars, will in future be produced and marketed exclusively by the company Litio para México (Lithium for Mexico, or LitioMx for short), according to a decree issued by President Andrés Manuel López Obrador.

LitioMx will operate independently of the Energy Ministry and begin operations in six months at the latest, it said.

Mexico's mining law was reformed in April. Since then, only the state has been allowed to explore, mine and sell lithium deposits. No lithium is yet being mined in Mexico, although a number of concessions have already been awarded. These contracts are now to be reviewed.

Quelle