A Mexican mining firm has found a gigantic deposit of lithium and potash in an area across Zacatecas and San Luis de Potosi (h/t to Gancho). The find could turn Mexico into one of the world's leading lithium producers at a time the metal is gaining importance and attracting huge investments.
It's worth considering how the Mexican government will regulate/manage the deposits. With Pemex facing declining production, the Mexican government needs additional revenues and has to view lithium as a potential income source. The head of the Piero Sutti mining company is looking to foreign companies to help extract the lithium, but how will the government regulate and tax those firms? If this find is as significant as some say, is there a "Litmex" in the country's future?
