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China’s Ganfeng Lithium reported that Mexico has cancelled its nine lithium concessions in Sonora following changes to the mining law in April 2022 and May 2023, which prohibited lithium concessions, declared lithium as a strategic sector, and granted the exclusive right to engage in lithium mining operations to a state-owned entity.
The Sonora pilot plant in Sonora, Mexico
The company, detailing the events in its results for the six months to June 30, said the law reform was not supposed to apply to pre-existing concessions, such as those it held.
Trident estimates that the royalty will pay around $110 million in the next decade
Mexico creates lithium company
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