Ministry of Economy: Mexican Geological Service does not generate economic resources for lithium

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Mexican Geological Service does not generate financial resources lithiumSince it does not exploit minerals, clarified secretary of economy,

He explained that the Mexican Geological Service does not extract them, process them, or convert them for sale, therefore, it does not generate any economic income for this activity.

He explained that the Mexican Geological Service is an organization that generates basic geological, geophysical and geochemical information on Mexico, which it discloses free of charge through its website to serve the society.

Ministry of Economy specified that decentralized public bodies Lithium to Mexico (LitioMx), which will be in charge of the exploitation of lithium, will be a regional body of the Ministry of Energy, not of the Ministry of Economy, nor of the Mexican Geological Service.

Mexico ranks new number of countries with the largest lithium reserves Photo: Exclusive

General Norms of Economic Policy 2023

Apart from noting that the potential value of 12 billion pesos, calculated by the Ministry of Finance and Public Debt (SHCP), derived from the nationalization of lithium and the attractiveness of the value chain for Sonora, is a medium-term estimate, as reliance made it This is well reflected in the General Criteria for Economic Policy 2023.

It is noteworthy that, in a recent update to the United States Geological Survey Basic Minerals Report, it states that Mexico is in the new position of the countries with the largest lithium reserves in its subsoil with approximately 1.7 million tonnes.

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