Critical material prices are recovering but the outlook is mixed
New report says lithium, nickel sulphate and rare earth prices are set to recover sharply but graphite, magnesium and titanium markets are in for more pain.
Mexico currently has no commercial lithium production, but according to some estimates contains potentially lucrative deposits trapped in clay-based soils.
Carmakers are working to secure supplies of materials from lithium, nickel and manganese for batteries to magnesium for car components as they race to ramp up electric vehicle production.