Breaking News
Investing Pro 0
New Year’s SALE: Up to 40% OFF InvestingPro+ CLAIM OFFER

Mexico to discuss lithium, auto industry with U.S. climate envoy Kerry

Stock Markets Oct 24, 2022 11:01AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
2/2 © Reuters. FILE PHOTO: U.S. Special Presidential Envoy for Climate John Kerry attends a meeting ahead of COP27 climate summit in Kinshasa, Democratic Republic of Congo October 3, 2022. REUTERS/Justin Makangara 2/2

MEXICO CITY (Reuters) - Mexico will speak with U.S. climate envoy John Kerry about lithium, batteries and the automotive industry when Kerry visits the northwestern state of Sonora on Friday, Mexican President Andres Manuel Lopez Obrador said Monday.

Lopez Obrador said he would speak with Kerry on the so-called Sonora Plan, part of a push to turn the state into a green energy hub, focusing on solar farms and the production of lithium, a key component in batteries for electric vehicles.

The president said the two would meet in the city of Hermosillo, ditching a previous suggestion to meet at a solar plant under construction in the coastal city of Puerto Penasco.

The Sonora Plan also aims to develop the electric car industry in the agricultural state. The government hopes to boost electric car sales from 5% currently to 50% by 2030.

While Mexico nationalized lithium reserves earlier this year, experts say it could take years for the newly created state firm to start production.

Lithium batteries are not currently produced by any Latin American country at a commercial scale.

Mexico to discuss lithium, auto industry with U.S. climate envoy Kerry
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.
  • Any comment you publish, together with your investing.com profile, will be public on investing.com and may be indexed and available through third party search engines, such as Google.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (2)
Oscar Romero
Oscar Romero Oct 24, 2022 11:55AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Also, at the present,Mexico is hedging its future on fossil fuels. What is is going to happen when the country's oil reserves are depleted. Its a system that is not sustainable as its oil well arr shallow and there no financial capital for oil exploration and investment.
Oscar Romero
Oscar Romero Oct 24, 2022 11:47AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Mexico has to improve on issues of Class inequality and discrimination. Equal access to financial prosperity is the key a nation's prosperity.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email