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

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

Stock Markets Oct 24, 2022 11:01AM ET

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

© 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.

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Comments (2)

Oscar Romero Oct 24, 2022 11:55AM ET

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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.

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Oscar Romero Oct 24, 2022 11:47AM ET

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Mexico has to improve on issues of Class inequality and discrimination. Equal access to financial prosperity is the key a nation's prosperity.

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

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