LitioMx to be Consolidated in 2023
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LitioMx to be Consolidated in 2023

Photo by:   Alexander Schimmeck
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Karin Dilge By Karin Dilge | Journalist and Industry Analyst - Mon, 12/12/2022 - 13:09

The Governor of Sonora, Alfonso Durazo Montaño, announced that the Litio para México (LitioMx) project will be consolidated and fully operational in 2023.

“2023 will start with a meeting to establish the operation plan for Litiomx in Sonora, including its vision and objectives,” said Durazo about the gathering will be on Jan. 12 , 2023

After a meeting with President López Obrador, Durazo reported that the first actions for the Sustainable Energy Plan in Sonora have been defined, which involve a solar power plant and a lithium battery manufacturing plant. Further steps include the construction of solar plants in other states of the country. 

“The personal coordination of President López Obrador speaks volumes about how important the Sustainable Energy Plan in Sonora is for his government. Also, his management guarantees that all government bodies will start working optimally and advance every month,” he added. 

Last week, President López Obrador announced the first stage of the Sonora Plan, which will include infrastructure, clean energy and mining projects with an investment of over US$2.5 million coming from Canada and the US.

According to the federal government, the Sonora Plan will consist of the construction of five solar plants with associated transmission lines, the modernization of the Guaymas port, as well as airports and highways. The plan also includes the concession of infrastructure to exploit lithium to US and Canadian companies.

Since the federal government announced its intention to make Sonora a clean energy hub, the state’s government has actively worked to attract investment. After negotiations with the federal government, Sonora’s Governor Alfonso Durazo managed to relocate LitioMx’s offices to Sonora since it has the largest lithium deposit in the country.

The Mexican Minister of Foreign Affairs, Marcelo Ebrard, announced that Mexico would start the production of lithium batteries in 4Q23, made possible by investment from the country's trade partners. Mexico’s Minister of Economy, Raquel Buenrostro, said that the investments are welcome and will be tracked by the federal government to ensure they are fruitful.

Sonora’s Minister of Economy, Armando Villa, announced that the local government could relocate a lithium battery assembling plant that was meant to be constructed in Hidalgo. According to Villa, the factory will require an investment of over US$80 million and will be managed by Luna, as reported by MBN.

Photo by:   Alexander Schimmeck

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