https://www.engineeringnews.co.za

Top China lithium firm files international claim against Mexico

25th June 2024

By: Bloomberg

  

Font size: - +

Ganfeng Lithium has filed an international arbitration case against Mexico after the Latin American nation canceled a potential mining project valued at more than $1-billion.

Efforts by Ganfeng, China’s top lithium firm, to build Mexico’s first commercial lithium mine were upended by 2022 legislation championed by President Andres Manuel Lopez Obrador who sought to nationalise the sector to prevent foreign countries from exploiting a strategic resource.

Ganfeng bought Bacanora Lithium in 2022 when the latter was embarking on development of an open-pit mine and processing facility in Sonora state that would have churned out 35 000 metric tons a year, giving the country a homegrown source of lithium for its fast-evolving electric vehicle supply chain.

Work was put on hold following the passage of a bill in April 2023 to give the state total control of lithium mining. The Chinese firm had sought to form a public-private partnership.

After years of trying to resolve the matter in local courts, Ganfeng registered a case June 21 at the World Bank’s International Centre for Settlement of Investment Disputes, with Mexico’s Economy Ministry listed as the respondent.

Edited by Bloomberg

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Multotec
Multotec

Multotec, recognised industry leaders in metallurgy and process engineering help mining houses across the world process minerals more efficiently,...

VISIT SHOWROOM 
Monitor Distributors
Monitor Distributors

We at Hawk High Pressure Pumps specialise in industrial pumps and pumping systems. Our high pressure washing equipment is locally manufactured and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.053 1.025s - 140pq - 2rq
Subscribe Now