Mexico moves ahead with lithium nationalization plans
Ruling Morena party has introduced a draft bill calling for the battery metal to be deemed the exclusive property of the nation, with production controlled by the state.
Preliminary deal is part of a series of agreements signed this week that will see China pouring close to $5.3 billion into Peru’s mining and energy sector.
The government has also said it supports introducing a new mining code, but previous attempts to introduce new legislation have been stalled for several years due to political and industry resistance.
When a massive country de-nationalizes its entire energy sector and opens its oil and gas doors for the first time ever to foreign companies, the opportunities are staggering.