Economy & Business - July 2021

On 2 June the media reported that the government led by Mexico’s President Andrés Manuel López Obrador is no longer seeking to nationalise lithium production and instead has plans to attract private investors to extract the metal, which is mostly used to make batteries. In an interview with Reuters, Senator Alejandro Armenta of the ruling Movimiento Regeneración Nacional (Morena) party, and who chairs the senate’s finance committee, said that he will submit a legislative bill in September that seeks to regulate Mexico’s incipient lithium industry.