LithiumMX will take 10-15 years to begin exploration

Mexico’s state-owned lithium mining company, LithiumMX, is projected to take 10-15 years and around USD $150 million of investment to begin exploration activities. It will be up to 20 years before its value chain is fully developed. The realities around lithium exploration and extraction, despite Mexico being one of the top 10 lithium reserves in the world, mean the government’s state-owned electric car company will need to import batteries for production. Read more at El Financiero.