'Lithium belongs to Mexicans, not to transnational corporations,' said one legislator.
for the extraction of lithium, which has grown increasingly important as a component in rechargeable batteries including for electric cars. Mexico has yet to produce lithium commercially, but previous governments granted permits, including to Bacanora Lithium Plc, which was later bought by China's Ganfeng Lithium Co.
the right-wing opposition's refusal to support his initiative to overhaul the country's power system as"an act of treason against Mexico committed by a group of legislators who, instead of defending the interests of the people... became outright defenders of foreign companies." Although most of the planet's lithium is located in Bolivia, Argentina, and Chile, the United Kingdom-based Bacanora Lithium Plc identified the world's largest lithium deposit in Mexico's northern Sonora state in 2018, uncovering more than 243 million tons of the key metal.
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