Mexico energy minister reveals name of state lithium company
Mexico’s state-owned lithium extraction and production firm will be called Litio para México.
Energy minister Rocío Nahle revealed the name via Twitter on Wednesday. Initially, she was expected to present it in late July, ahead of the framework for a regulator in late August.
Mexico could contain a small percentage of lithium, which is expected to become a key metal in the global energy transition.
Unlike lithium deposits in Chile, Argentina and Bolivia, Mexico’s lithium resources are contained in clays, and technology to produce lithium from them does not yet exist.
China’s Ganfeng has the rights to the country’s sole active lithium project, in Sonora state, with investors hoping it may become profitable in the next decade.
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News in: Mining & Metals (Mexico)
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Industrias Peñoles share price plunges after big Q1 loss
The Mexican conglomerate reported a net loss of US$39mn in the first quarter of the year.
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Other companies in: Mining & Metals (Mexico)
Get critical information about thousands of Mining & Metals companies in Latin America: their projects, contacts, shareholders, related news and more.
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Grupo BAL is a diversified business group that has assets in mining (Industrias Peñoles and Fresnillo), the financial services sector (GNP Seguros, Profuturo, Valmex), retail (d...
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The description included in this profile was taken directly from an official source and has not been modified or edited by the BNamericas’ researchers. However, it may have been...
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Compañía Minera Cuzcatlán, the Mexican unit of Canadian miner Fortuna Silver Mines Inc., is in charge of operations at the San José underground silver-gold mine in Mexico's Oaxa...
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The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
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Minera Magna
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