Mar 21 • 04:40 UTC 🇪🇸 Spain El País

Mexico enters the global critical minerals board amid the pulse between the USA and China

Mexico is emerging as a player in the global market for critical minerals, with the USA looking to reduce its dependence on China by partnering with Mexico.

Mexico is positioning itself on the global stage concerning critical minerals amid the escalating competition between the United States and China. The U.S. is particularly interested in reducing its dependency on Chinese supplies by enhancing collaboration with Mexico. This partnership comes at a crucial time as Mexico is navigating multiple challenges, including investment bottlenecks, permitting issues, and concerns regarding security in the mining sector.

The article highlights the significance of polymetallic nodules, which contain essential minerals such as nickel, copper, cobalt, manganese, and other rare earth elements. These minerals are crucial for various technologies, ranging from mobile devices to electric mobility and military applications. The United States, in its quest to secure control over global supplies of strategic materials, has also established cooperation agreements with other nations, such as the Cook Islands, to explore deep-sea mining, emphasizing the urgency of this geopolitical competition.

As both the U.S. and Mexico navigate this landscape, the implications for Mexico's role in the global supply chain for critical minerals become apparent. The need for investment and a favorable regulatory environment will be paramount for Mexico to become a key player, especially as the demand for critical minerals continues to surge in light of technological advancements and the ongoing transition to renewable energy sources. The article underscores the importance of strategic partnerships in this sector, particularly amidst geopolitical tensions that define the current global economic climate.

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