Investors from five countries eye Mexico's nascent lithium market
2020-02-14 08:59:35 [Print]
Investors from at least five countries have expressed interest in Mexico's nascent lithium extraction and production industry, said Francisco Quiroga, the undersecretary for mining, after a promising find in the north of the country.
The find is still in the exploration phase. If initial estimates of lithium deposits are confirmed, Mexico could emerge as one of the world's largest players in a thriving sector.
In January, the mine's two foreign operators estimated that it could contain 8.8 million tonnes of lithium. This would put Mexico on a par with Bolivia or Chile, whose mines have large known deposits.
Quiroga revealed that he had already met with investors from Canada, Germany, Japan, the United Kingdom and the United States to discuss potential opportunities.
"There's a lot of interest in participating," said Quiroga, adding that Mexico would seek out opportunities beyond simply extracting the metal. "What we're offering is more than the promotion of mining - but instead mining complimented by activities along the entire production chain, including manufacturing - and there's been a lot of interest."
Quiroga said there were still several operational, commercial and financial challenges, without giving details.
The find is still in the exploration phase. If initial estimates of lithium deposits are confirmed, Mexico could emerge as one of the world's largest players in a thriving sector.
In January, the mine's two foreign operators estimated that it could contain 8.8 million tonnes of lithium. This would put Mexico on a par with Bolivia or Chile, whose mines have large known deposits.
Quiroga revealed that he had already met with investors from Canada, Germany, Japan, the United Kingdom and the United States to discuss potential opportunities.
"There's a lot of interest in participating," said Quiroga, adding that Mexico would seek out opportunities beyond simply extracting the metal. "What we're offering is more than the promotion of mining - but instead mining complimented by activities along the entire production chain, including manufacturing - and there's been a lot of interest."
Quiroga said there were still several operational, commercial and financial challenges, without giving details.
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