Mexico currently has no commercial lithium production, but according to some estimates contains potentially lucrative deposits trapped in clay-based soils.
Whoever is buying is able to buy in scale, leave little footprint in the market and then take delivery and store the metal in secure, invisible vaults.
Billionaire claims the Brazilian mining giant was well aware of allegations that the Guinean mining rights it agreed to buy had been secured illegally.
Caterpillar expects “very strong” overall demand to continue through 2022, even as it sees China construction orders slowing, Chief Financial Officer Andrew Bonfield said.