- Write by:
-
Saturday, November 26, 2022 - 11:21:53
-
342 Visit
-
Print
Mining News Pro - President Andrés Manuel López Obrador announced last month a $2.5 billion plan to turn parts of the border region with the US into a clean energy hub, home to solar and wind plants as well as electric vehicle factories.
According to Mining News Pro - Mexico, which nationalized lithium resources in April, plans to start producing lithium batteries in late 2023 as it has secured foreign investment and the backing of the United States, its leading trading partner.
“We have already prepared for 2023 investments from companies from South Korea, China, and a program agreed with the US to start producing batteries in Mexico, we hope in the third or fourth quarter,” foreign minister Marcelo Ebrard said, according to local paper La Jornada.
President Andrés Manuel López Obrador announced last month a $2.5 billion plan to turn parts of the border region with the US into a clean energy hub, home to solar and wind plants as well as electric vehicle factories.
Mexico plans to build five large solar plants, recondition car factories to make electric vehicles, and produce batteries and semiconductors in Sonora.
The northern state, which shares nearly 600km (370 miles) of border with the US, aims to also host mining projects developed with American and Canadian investors.
The country does not yet have commercial lithium production, but it has contracts with a dozen foreign companies to explore potential deposits.
A recent report by Mexico’s finance ministry pegs the value of Sonora lithium reserves at $600 billion.
Short Link:
https://www.miningnews.ir/En/News/622382
A prefeasibility study for Predictive Discovery’s (ASX: PDI) Bankan gold project in Guinea gives it a net present value ...
A Native American group has asked all members of a US appeals court on Monday to overturn an earlier ruling that granted ...
Codelco is exploring more partnerships with the private sector as Chile’s state copper behemoth looks to recover from a ...
The London Metal Exchange (LME) on Saturday banned from its system Russian metal produced on or after April 13 to comply ...
Iron ore futures prices drifted higher on Thursday as the latest soft data from top consumer China triggered renewed ...
Peru’s Las Bambas copper mine, owned by China’s MMG, is facing renewed blockades of a key transport route after failed ...
Vitol Group confirmed that it’s starting to rebuild a trading book for metals after a long stint out of the market, with ...
Newmont confirmed on Wednesday that two members of its workforce died this week at the Cerro Negro mine located in the ...
Rio Tinto said on Wednesday it is teaming up with a global venture studio and start-up investor to back the development ...
No comments have been posted yet ...