Lithium ion storage project financing options in Mexico 2026

Can a lithium-ion battery make a profit in Mexico?

AMLO and many Mexican policymakers hope to leverage lithium to profit from the rapidly growing value chain of clean energy minerals and technology. Lithium-ion batteries, electric vehicles, and other clean energy technologies are attracting skyrocketing sums of capital.

Will Mexico start producing lithium-ion batteries in 2023?

Mexico hopes to commence production of lithium-ion batteries in late 2023 and several countries are investing in this production, including the United States, South Korea and China.

Why is lithium mining a problem in Mexico?

First, unregulated lithium mining can threaten local ecosystems through pollution and water loss. Second, drug cartels have a track record of co-opting other natural resources in Mexico to diversify their revenue streams.

Will Mexico's lithium reserves become a key asset?

Global clean energy investment surpassed investment for fossil fuels in 2016 and by 2023, clean energy investment exceeded that for fossil fuels by over half a trillion dollars. 1 This precipitous increase means that Mexico’s lithium reserves may become a crucial asset.

What if Mexico had a stable supply of lithium?

A secure, stable supply of lithium would allow Mexico to invest in clean energy technologies more reliably, particularly solar and wind, whose intermittent nature requires substantial back-up energy storage solutions.

Is Mexico a good place to buy lithium?

Mexico’s so far undeveloped lithium industry has huge potential, with the country’s reserves estimated at 1.7 million tons of lithium. Several private companies want to start developing projects in Mexico as the demand for lithium for batteries is rising rapidly, as well as in support of a green transition.