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Mexican president eases pressure on China's Ganfeng Lithium

Obrador says mining concession 'will be respected' if it passes review

The Sonora lithium deposit stands to be Mexico's largest. (Courtesy of Bacanora Lithium)

MEXICO CITY/HONG KONG -- Mexican President Andres Manuel Lopez Obrador has moved to ease pressure on China's Ganfeng Lithium over the future of a mine where it hopes to produce the key electric-vehicle battery material.

Asked about the status of Ganfeng's concession on Monday at a news conference at the National Palace, Obrador said, "If they were requested to exploit lithium and [the agreements] are in order, and there is an exploration and production project, they will be respected."

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