financetom
Business
financetom
/
Business
/
Mexico to seek deal over disputed mining concession with Chinese lithium firm
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Mexico to seek deal over disputed mining concession with Chinese lithium firm
Jun 27, 2024 8:18 AM

MEXICO CITY, June 27 (Reuters) - Mexican President

Andres Manuel Lopez Obrador said on Thursday that his government

will seek an agreement with Chinese lithium miner Ganfeng while

still defending Mexico's rights, after the firm filed an

arbitration case over a disputed concession.

Lopez Obrador did not flesh out a potential agreement that

could resolve the dispute, but instead stressed his government's

successful push in 2022 to nationalize Mexico's lithium

industry, which reserves the mineral's future production for the

state.

The president, who has long-favored resource extraction

activities controlled by the government instead of private

producers, suggested the dispute with Ganfeng traces back to

confusion over how concessions were granted by previous

governments.

"That's because we believe that the country had

previously given out, and we think gave out (mining concessions)

in a generic way, not specifically for lithium but instead for

mining and we don't think it applies," he said.

There is currently no commercial production in Mexico of the

ultra-light metal used to make rechargeable batteries,

especially for electric vehicles.

Lopez Obrador, whose term as president ends in September,

noted that public-private partnerships for lithium projects are

allowed.

Late last week, China's Ganfeng and two of its units

registered an arbitration case against the Mexican government

over a mining concession in northern Mexico with the World

Bank's dispute settlement center.

Shanghai-based Ganfeng is a top global battery maker and

lithium miner.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
BP Unlocks $1.5 Billion As It Accelerates $20 Billion Asset Sale Goal
BP Unlocks $1.5 Billion As It Accelerates $20 Billion Asset Sale Goal
Nov 3, 2025
British oil and gas major BP p.l.c ( BP ). on Monday announced the sale of its non-controlling stakes in midstream assets to a private investor for $1.5 billion. Details The deal is structured in two installments: approximately $1 billion at signing and the remainder expected by year-end, subject to regulatory approval. The non-controlling interests in BPX Energy's Permian and...
Norway and Airbus-led NHIndustries settle NH90 helicopter dispute, avoiding rare trial
Norway and Airbus-led NHIndustries settle NH90 helicopter dispute, avoiding rare trial
Nov 3, 2025
* Norway dropped NH90 contract in 2022 over delays and reliability * Oslo had claimed over $3 billion from Airbus-led consortium * Settlement avoids rare public court trial in defence industry * NH90 has been plagued by criticism over delays and maintenance (Recasts with extra context and background throughout) By Terje Solsvik, Gwladys Fouche and Tim Hepher OSLO/PARIS, Nov 3...
SM Energy and Civitas Resources to merge in $12.8 billion deal
SM Energy and Civitas Resources to merge in $12.8 billion deal
Nov 3, 2025
Nov 3 - SM Energy ( SM ) and Civitas Resources ( CIVI ) said on Monday they will merge in an all-stock deal valued at about $12.8 billion, including debt, creating a combined oil and gas company with a dominant position in the Permian Basin. The sale signals a recovery in dealmaking in the shale industry as companies seek...
Pulmonary drug developer Liquidia posts operating profit in in first full quarter of YUTREPIA sales
Pulmonary drug developer Liquidia posts operating profit in in first full quarter of YUTREPIA sales
Nov 3, 2025
Overview * Liquidia ( LQDA ) Q3 revenue of $51.7 mln beats analyst expectations * Company achieves operating profitability in first full quarter of YUTREPIA sales * Posts net loss; adjusted loss/share beats consensus Outlook * Liquidia ( LQDA ) plans to advance L606 into pivotal trials * Company aims for sustained growth and profitability * Liquidia ( LQDA )...
Copyright 2023-2026 - www.financetom.com All Rights Reserved