Mexico looks to reach deal with firm holding Sonoran lithium concessions
Mexico’s president says he hopes to reach a deal with the company that holds major lithium mining concessions in Sonora.
On Tuesday, Mexican President Andrés Manuel López Obrador was asked if an agreement had been reached with that company, all but certainly the Chinese lithium giant Ganfeng, which holds a number of mining concessions in the Sonoran sierra community of Bacadehuachi.
López Obrador said he hoped to sign a deal turning over those concessions to the Mexican government in an effort to avoid a legal dispute, and that negotiations between the economy secretary and company leadership are ongoing.
He went on to say that the company did not have all the necessary permits, and that recent legislation nationalized lithium resources, and prevents private ownership.