00:00Mexico has not ceded its critical minerals to the United States as part of any agreement within the revision of
00:07the Free Trade Agreement, said President Claudia Sheinbaum.
00:11The mineral reserves belong to Mexico and in any case their exploitation is the responsibility of Mexico.
00:19Now we can explain where critical minerals are and so on, but that is not up for negotiation.
00:27It is in our constitution and that is very clear to everyone.
00:32So, we are not giving anything away to anyone.
00:39Mexico's presence at the recent ministerial meeting on critical minerals convened by the United States was to make its opinion
00:46on the issue heard, explained Economy Secretary Marcelo Ebran.
00:51It is not about us attending meetings because we have been to several where we say, hey, we want to
00:59place our mineral reserves, but what we want is to participate to be part of.
01:05To guarantee the minerals that Mexico needs today and we will need in the future and that if decisions are
01:12being made on purpose, we can give our opinion.
01:15That is not to be passive on this issue, which is a very relevant issue.
01:23Mexico and Washington agreed to explore mechanisms for supplying each other with these minerals, but without ceding sovereignty, everyone said.
01:33The United States invited us to participate in a team of very diverse countries.
01:39Now I will tell you which ones to reflect over the next 60 days on what we can do together
01:46to reach a multilateral agreement on critical minerals.
01:49Of course, we will not make any commitments that could be in conflict with our laws.
01:57Mexico currently has significant reserves of silver, copper, zinc, lead, manganese, graphite, rare earth deposits and lithium, which are under
02:06the watchful eye of the United States.
02:12For experts, Washington is seeking to hinder the development and benefit of China's supply chains in the critical mineral sector
02:19for Latin America.
02:24China has a very important attention in the extraction and refining of rare earth elements.
02:30According to the U.S. Geological Survey, China possess 70% of the world's reserves of rare earth elements.
02:39In this regard, the United States intends to create a logistical barrier to make it more difficult from China to
02:45access or, at least,
02:47establish logistical or development links with Latin American and Caribbean countries, as soon as made.
02:57Delivering strategic natural resources has significant costs, experts say.
03:02If Mexico reproduces the extractive industry, we are talking about environmental conflicts, we are talking about economic subordination to the
03:12United States, political subordination in that sense,
03:16it is important to consider a serious medium and long-term industrial policy in which Mexico does not reproduce its
03:24extractive industry.
03:26President Claudia Sheinbaum reiterated that there will be no changes to the mining law to benefit any foreign country or
03:34consortium.
03:34On the internet.
03:35The That is ...dır
03:36... weather
03:37... weather
03:37some more concerns." Kevin
03:37Nicolament Recump
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