Get all your news in one place.
100's of premium titles.
One app.
Start reading
Reuters
Reuters
Business
By Carolina Pulice

Analysis: Decree adds to doubts about Mexican lithium industry's future

FILE PHOTO: Mexico's President Andres Manuel Lopez Obrador waves during an event to sign a decree for the nationalization of lithium, in Bacadehuachi, state of Sonora, Mexico February 18, 2023. Mexico's Presidency/Handout via REUTERS

The Mexican government's latest move to tighten control over its potentially lucrative lithium reserves fails to resolve the puzzle of how it can lure needed private industry expertise while keeping most profits for state coffers.

Last Saturday, President Andres Manuel Lopez Obrador signed his latest presidential decree on lithium, establishing a more than 900-square-mile (235,000 hectare) lithium mining zone in northern Sonora state, stating that existing concessions within it "remain safe."

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.