Environment

Mexico bans private companies from lithium mining

mexico-lithium-ban-mining

Photo: Pixabay/Amigos3D

Published

April 20, 2022

Country

Comments

0

Share

Published:

April 20, 2022

Country:

Comments:

0

Share

Lawmakers in Mexico have passed an amendment to the mining law that will ban private companies from lithium exploration and extraction in the country. Under the new rules, a state-owned company, which has yet to be established, will have exclusive rights to mine one of the world’s most sought-after minerals.

President Andrés Manuel López Obrador, who introduced the proposal, earlier called on lawmakers to protect Mexico’s lithium reserves and pave the way for setting up a company that would handle everything related to lithium in the country.

President says all existing lithium contracts will be reviewed

López Obrador has also said that all existing lithium contracts will be reviewed. According to Mining.com, a company called Bacanora Lithium, owned by China’s Genfeng Lithium, already has a lithium concession in Mexico’s northwest.

The Chinese company’s project is expected to start lithium production in 2023, with a projected output of 35,000 tons a year, the report adds.

The proposed state-run lithium company should be backed by local research facilities and experience from other countries

The proposed state-run lithium company should be backed by research facilities in the country and the experience learned from other countries, López Obrador told a press conference. The bill categorizes lithium as a “strategic mineral.”

EU has declared lithium a critical material as demand is set to surge

Lithium, a mineral used in batteries for electric cars and other devices, has been added to a list of critical raw materials by the European Union (EU) as demand is expected to increase dramatically in the coming years.

In Serbia, the government has halted a lithium project of Anglo-Australian miner Rio Tinto following protests over environmental concerns. However, activists fear the project might be allowed to resume.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

City of NiS starts development of Energy Transition Roadmap until 2050 tender

City of Niš in Serbia to develop Energy Transition Roadmap until 2050

26 September 2022 - The local team in charge of the project is seeking an experienced consultant to support the work, the deadline for offers is October 4

EU wastes more food than it imports

EU wastes more food than it imports

26 September 2022 - At a time when 33 million citizens of the European Union cannot afford enough meals,...

Slovenia calls for suggestions for draft climate change law

Slovenia calls for suggestions for draft climate change law

22 September 2022 - Slovenia is drafting the Climate Change Act to create a legal framework for implementing climate policy and reporting on all its aspects

Diverge opinions on wind farm construction in Brajići above Budva

Controversy over wpd’s wind farm project in Brajići in Montenegro

19 September 2022 - The government said it is working on a spatial planning document while the locals want the wind farm project to be moved to another location