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Mexico has officially nationalized its lithium industry after the Senate approved by 87 votes in favour, 20 against and 16 abstentions the mining reform proposed by President Andrés Manuel López Obrador, which gives the state exclusive rights over the battery metal.

The law, which came into force on Thursday, was approved in record time — only two days after introduced by López Obrador to Congress.

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The bill elevates lithium to the category of “strategic mineral”, declaring the exploration, exploitation, and use of lithium to be the exclusive right of the state. It also includes a clause allowing the state to take charge of “other minerals declared strategic” by Mexico.

Mexico nationalizes lithium mining

“Rivers
Turning to the rivers, we find the situation is only slightly better. While the groundwater is contaminated at a rate of 80-90%, the surface water – that is both lakes and rivers – is only polluted at a rate of 70%.

Similarly to the groundwater, half of it is unusable for any human application. This includes agriculture, industrial use, fishing, or even boating. This is because 225 billion tons of industrial sewage is dumped into Chinese rivers and lakes on an annual basis.”

China On The Verge Of A Major Food Crisis, Part 2: Water

https://www.zerohedge.com/geopolitical/china-verge-major-food-crisis-part-2-water

https://twitter.com/i/status/1517458899116437504

BREAKING NEWS

LME TO END GOLD AND SILVER FUTURES TRADING BY JULY pic.twitter.com/T4ryWCxfTD

— Gold Telegraph ⚡ (@GoldTelegraph_) April 22, 2022

This photo has gone viral but I don’t think many who have seen this photo realize he sat like this for 15 minutes of his meeting with Shoigu. His back didn’t move once and he held the desk all the time. https://t.co/Yr1Rz4Bpb3

— Bakhti Nishanov (@b_nishanov) April 21, 2022

At this point this is one steely old grump who should be hard enough to scratch diamond . LOL

At least we know the Russians didn’t do it!

With the world as it is and will likely become it’s amazing that gold and the shares should be getting walloped like this!

This pasting won’t last long I’ll venture. KOW

The fang stocks down a lot like FB AAPL AMZN NFLX GOOG there must be a lot of heart burn out there with the regular folks that are not used to this type of action. Us Gold Bugs are fine, were “work hardened” LOL, we’re used to it. So many times over the decades.

https://finviz.com/futures_charts.ashx?t=INDICES&p=d1

re yr 20.49…..and Gold drops 70 bucks…..at least the SM is getting wacked…..

They say there is lots of leverage buying miners because the value of the millions of ounces in underground reserves gain and lose value.

300 hui and 100 crude seem to be holding – so far.

maybe, just maybe there is a bottom.

Both the US dollar and Russian Ruble are up today. All other currencies, as well as PMs and oil, are down.
The ruble is where it was before the war and sanctions started – up over 4% today.

From James Kunstler, a bit of dark humor in his recap of where we are.

Daddies in Mommie-land

😳😳🐸🦆 pic.twitter.com/gf2LYNJA0C

— De Generaal 💀 (@DeGeneraal_NL) April 21, 2022

Watching FOX Business. They had a header labeled “market selloff” except the market isn’t really selling off much – less than 1%. Nasdaq is actually up a little.

I bought a little NEM but missed that bottom at $70 by a mile.

https://finance.yahoo.com/news/equinox-gold-completes-sale-mercedes-190700315.html?guce_referrer=aHR0cHM6Ly9maW5hbmNlLnlhaG9vLmNvbS9xdW90ZS9FUVg_cD1FUVgmLnRzcmM9ZmluLXNyY2gmX2d1Y19jb25zZW50X3NraXA9MTY1MDYzNTcwMA&guce_referrer_sig=AQAAADRu25oiIPAUi1S5-YgF_1xDbsd7e2goJ955LkJMdfCTrXpeIhkCtloDezAayWYC-MeZah_9G5546Pd6yxc4FlGn1z8L0zaPzXfgJYxqhDEtd3C6z3HL3WwK0irsbzSPdOLlxZdrSNW8DRKSiPLbKIs1A3cSDnQ_RmnOD01JZ35p&_guc_consent_skip=1650635710

Newmont Announces First Quarter 2022 Results

https://finance.yahoo.com/news/newmont-announces-first-quarter-2022-110000328.html

Maple Provides Drilling Update on Optioned Globex’s Eagle Mine Gold Property

https://finance.yahoo.com/news/maple-provides-drilling-optioned-globex-154000351.html

Scorpio Gold – Interest to Debenture Holders in Shares

https://finance.yahoo.com/news/scorpio-gold-interest-debenture-holders-231500600.html

PureGold Secures Financial Agreement with Sprott Resource Lending, Provides Mine Operations Update and Announces Management Change

https://finance.yahoo.com/news/puregold-secures-financial-agreement-sprott-103000875.html

NEVADA KING ANNOUNCES CLOSING OF $11,250,000 FINANCING

https://finance.yahoo.com/news/nevada-king-announces-closing-11-113000079.html

Sarama Resources Completes Equity Raising for Dual Listing on The Australian Securities Exchange

https://ceo.ca/@accesswire/sarama-resources-completes-equity-raising-for-dual

Plato Gold Reports on 2021 Year-End Results

https://ceo.ca/@nasdaq/plato-gold-reports-on-2021-year-end-results

Baru Gold Provides Update on Community Relations on Sangihe Island and Legal Victory for Indonesian Government

https://ceo.ca/@thenewswire/baru-gold-provides-update-on-community-relations-on

Tembo Gold Announces Completion of Sale of Non-Core Licences to Barrick Gold and Strategic Equity Investment

https://ceo.ca/@newsfile/tembo-gold-announces-completion-of-sale-of-non-core

Manitou Gold Closes Agreement to Sell 100% Interest in its Dryden Properties

https://ceo.ca/@nasdaq/manitou-gold-closes-agreement-to-sell100-interest

O3 Mining Files Early Warning Report in Respect of Cartier Resources Inc.

https://ceo.ca/@nasdaq/o3-mining-files-early-warning-report-in-respect-of

AUGUSTA GOLD ACQUIRES FULLY PERMITTED LOW-COST HEAP LEACH GOLD PROJECT SEVEN MILES FROM ITS BULLFROG PROJECT IN NEVADA

https://ceo.ca/@newswire/augusta-gold-acquires-fully-permitted-low-cost-heap

Lion Copper and Gold Corp. Announces Proposed Shares for Debt Settlement

https://ceo.ca/@newsfile/lion-copper-and-gold-corp-announces-proposed-shares

USD up, oil down. Haven’t seen rates yet but assuming they’re up.

SM in trouble again. Bitcoin down a little.

PM’s in trouble too, although the shares aren’t really cratering in the premarket.

As always, we’ll see what happens.