- Write by:
-
Saturday, November 26, 2022 - 11:21:53
-
350 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
Barrick Gold Corp.’s chief executive officer says the gold miner will continue to host virtual-only annual general ...
China’s copper producers are planning to export up to 100,000 metric tons of metal, the largest volume in 12 years, ...
A takeover of Anglo American Plc would need to be pitched at more than £30 ($37.6) per share, a higher price than BHP ...
Barrick Gold is not interested in bidding for Anglo American, which last week received a $39 billion takeover offer from ...
BHP Group can’t cherry pick Anglo American assets without paying a hefty premium, Anglo investors told Reuters, ...
Anglo American faced calls from shareholders on Monday to detail plans for improving its value in order to fend off ...
Copper slipped after initially extending gains above $10,200 a ton as traders turned their attention to demand ...
BHP Group Ltd.’s proposal for Anglo American Plc to spin off platinum and iron ore units before a takeover would likely ...
Glencore expects profit at its trading division this year to be at the top end of its long-term annual guidance, in an ...
No comments have been posted yet ...