Lithium Nationalism Is Taking Root in Region With Most Resources
- In Argentina, state energy firms are entering lithium business
- Mexico is studying the possibility of nationalizing prospects
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Politicians in Latin America, a region that accounts for more than half the world’s lithium resources, are looking to increase the role of the state in an industry that’s crucial for weaning the world off fossil fuels.
In Argentina, state energy companies are entering the lithium business as authorities make a bid to develop downstream industries. In Chile, a leading presidential candidate wants to do something similar just as the nation drafts a new constitution that may lead to tougher rules for miners. In Mexico, the government is studying the possibility of nationalizing lithium prospects.