It is premature to talk about large lithium reserves in Mexico: Ingenieros

Mexico City. Ensuring that Mexico has large proven lithium reserves is premature, said Sergio Almazán, president of the Association of Mining Engineers, Metallurgists and Geologists of Mexico (AIMMGM).

When announcing the International Mining Convention to be held in Acapulco, Guerrero, from October 19 to 22, the specialist clarified that what Mexico has is a potential in lithium reserves, for which strong investments and time are needed to explore.

“It is premature to speak of proven lithium reserves in Mexico. There are no proven reserves, there is a potential that must be explored, but that means strong investments of millions of dollars and time ”, Almazán pointed out.

Related: China seizes lithium in Mexico to ‘beat’ the US

A few days ago, President Andrés Manuel López Obrador presented an electricity reform initiative, which among other things, intends that the lithium that is in the subsoil can only be explored, exploited and commercialized by the State.

More on the topic: Treason against the nation if lithium is not approved as belonging to the nation, we will deny concessions; warns AMLO

In this regard, the president of the AIMMGM stressed that the reform proposal speaks of excluding lithium from the private sector, but also leaves open that the same can be done with other minerals that are classified as strategic for the energy transition.

For this reason, he said, if approved, details must be given, since such a measure can create legal uncertainty among investors.

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