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Mexico plans state lithium company, questions Chinese mine
The Associated Press ^ | February 3, 2022

Posted on 02/03/2022 1:35:01 PM PST by Oldeconomybuyer

MEXICO CITY (AP) — Mexico’s president said Wednesday he will create a state-owned company to mine lithium and appeared to suggest he will seek to cancel one of the few existing permits held by a Chinese company.

President Andrés Manuel López Obrador had said in October that he wants to declare lithium a “strategic mineral” and reserve future exploration and mining to the government. Lithium is a key component of batteries.

It hadn’t been clear if he would rely on private companies to do the work, which Mexico has no experience in. But López Obrador said Wednesday that a newly created government company will do the mining and processing.

The president also said a private lithium mine in the northern state of Sonora that involves a Chinese company would not be allowed to start production.

“What they want to do is to continue looting and that is over. We are going to take legal steps,” López Obrador said.

(Excerpt) Read more at apnews.com ...


TOPICS: Business/Economy; Mexico; News/Current Events
KEYWORDS: ccp; china; lithium; saltonsea

1 posted on 02/03/2022 1:35:01 PM PST by Oldeconomybuyer
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To: Oldeconomybuyer

Good for us bad for the Chico’s but government owned? I don’t think so.


2 posted on 02/03/2022 1:38:11 PM PST by DIRTYSECRET
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To: Oldeconomybuyer

Know a guy named Hunter who would be glad to help get this project off the ground. Great track record - knows the right people to get things done.


3 posted on 02/03/2022 1:43:57 PM PST by Ben Hecks (Eliminate subsidies for EVs - I'm tired of paying for toys for the rich)
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To: DIRTYSECRET
Good for us bad for the Chico’s but government owned? I don’t think so.

I will take corrupt Mexican government owned over Chinese-Communist-Proxy-Owned.

Given how the big corporations play footsie with Communist and leftist governments continuously, I am not sure if it would be any worse.

At least no enviroweenies will get in the way.
4 posted on 02/03/2022 1:47:09 PM PST by Dr. Sivana ( “to defend themselves, they are using the same weapons with which they were struck.”Pope St. Pius X)
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To: Dr. Sivana

“I will take corrupt Mexican government owned over Chinese-Communist-Proxy-Owned.”

Not sure about that, but I would DEFINITELY take their voting system over ours, as theirs is likely the most secure system in the Western Hemisphere (look up Mexican Voter ID, for example). So, even if their government sucks, they can at least vote to change it, if they want to.


5 posted on 02/03/2022 1:57:35 PM PST by BobL (Money is the most important thing in my life.)
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To: Oldeconomybuyer

Good for AMLO. Better the mexican government than the chinese government.


6 posted on 02/03/2022 2:10:35 PM PST by hinckley buzzard ( Resist the narrative)
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To: Ben Hecks
Know a guy named Hunter who would be glad to help get this project off the ground.

His real name is Fred Dryer. You might be able to spot him at the Super Bowl.


7 posted on 02/03/2022 2:14:56 PM PST by Dr. Sivana ( “to defend themselves, they are using the same weapons with which they were struck.”Pope St. Pius X)
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To: Dr. Sivana

Does his father go by the nickname “Big Guy”?


8 posted on 02/03/2022 2:18:20 PM PST by Ben Hecks (Eliminate subsidies for EVs - I'm tired of paying for toys for the rich)
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To: Dr. Sivana

—”I will take corrupt Mexican government owned over Chinese-Communist-Proxy-Owned.”

A most difficult choice.

Guessing the Chinese would actually go into production.

The Mexican government-owned companies would hire many friends and relatives, while an army of bandits would be stripping the earth bare selling to the highest bidder.
Tax-free too.


9 posted on 02/03/2022 2:38:15 PM PST by DUMBGRUNT ("The enemy has overrun us. We are blowing up everything. Vive la France!"Dien Bien Phu last message)
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To: Oldeconomybuyer

I’m sure Mexico would handle any waste appropriately (THAT’S WHAT OCEANS ARE FOR!)


10 posted on 02/03/2022 2:57:09 PM PST by SgtHooper (If you remember the 60's, YOU WEREN'T THERE!)
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To: DUMBGRUNT
More likely, they'll sublet a Chinese company to do the actual digging and processing.

But we have several mines that will open soon so we can get it ourselves:


11 posted on 02/03/2022 3:06:39 PM PST by Alas Babylon! (Rush, we're missing your take on all of this!)
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To: Alas Babylon!

—”But we have several mines that will open soon so we can get it ourselves:”

Under current mismanagement, we might be better off to sell the mines to the Chinese and let them deal with the greens?


12 posted on 02/03/2022 3:19:14 PM PST by DUMBGRUNT ("The enemy has overrun us. We are blowing up everything. Vive la France!"Dien Bien Phu last message)
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