Mexico hit by trade arbitration proceedings from Canadian, US firms
Canada's First Majestic Silver and Silver Bull Resources have filed cases against Mexico before the International Centre for Settlement of Investment Disputes.
The UN's International Seabed Authority (ISA) is working on global rules covering sea bed mining, which is not allowed until the regulations are finalised.
There is currently a solid global project pipeline, due to the rise in cobalt prices and the expected demand boom amidst battery manufacturing projects, Fitch writes.