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Mexico Says Lithium Is Too Strategic for Private Investors

  • Lithium belongs to people, AMLO says in snub to Ganfeng mine
  • President announces plans to create a state lithium company
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Mexico’s President Andres Manuel Lopez Obrador is ratcheting up nationalistic rhetoric around the country’s untapped lithium deposits, signaling private capital isn’t welcome in the industry.

Unlike silver and gold, lithium is a strategic mineral like oil that belongs to the nation, AMLO, as the populist president is known, told reporters in Mexico City on Wednesday.