AMLO will make lithium available to the automotive industry in Mexico

AMLO will make lithium available to the automotive industry in Mexico

President Andres Manuel Lopez Obrador (AMLO) assured that his Government will put the lithium available to the automotive industry in Mexicobehind the nationalization of the ore last April.

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“We have this input and we are going to make it available to the automotive industry that is manufacturing cars or auto parts in Mexico, we have already thought of that so that Mexico continues to be an attractive country and plants continue to be installed,” he said. AMLO at your conference morning from National Palace.

López Obrador pointed out that “the priority is to strengthen the automotive industry installed in Mexico“, where this sector represents 3.8% of the national gross domestic product (GDP) and 20.5% of the manufacturing GDP, more than any other branch, according to the Mexican Association of the Automotive Industry (AMIA).

For this reason, AMLO stated that the new state company, whose creation is still pending, must “interact and have commercial relations with the automotive industry.”

“In other words, it will be an attractive input to strengthen our industry or the plants of the automotive industry that are installed in Mexico,” he reiterated.

The President of Mexico made this announcement after being questioned about the trip of the Secretary of Foreign Affairs, Marcelo Ebrard, to Bolivia, where the Mexican government is seeking a latin american association to take advantage of lithium.

López Obrador stressed that Bolivia “are more advanced in everything that has to do with the exploitation of lithium.”

Mexico reformed the Mining Law last April to declare lithium as a mineral of public utility whose exploitation will be the exclusive power of the State through a new public body, which has not yet been created.

The President now acknowledged that he still has to review the situation of private mining companies to see if they have a concession to exploit lithium, or if they have permission to exploit minerals in general and then invested in lithium exploration.

“Not the one who has a mining concession can already exploit lithium, no. It is already a matter of the nation. Lithium has already been nationalized in Mexico, that was a decision we made and these supplies are very important,” López Obrador remarked.

Mexico is in tenth place of the 23 countries with mineral reserves, with world’s largest deposit in Sonora.

With information from N+ and EFE.



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