Musk Team Probes Sonora Rare Earths; Mexican Law Bars Private Extraction

Elon Musk's team is studying rare earth extraction potential in Sonora, Mexico, but Mexican mining law grants exclusive exploration rights to the Servicio Geológico Mexicano, limiting private involvement. The move signals interest in diversifying rare earth supply chains outside China, though legal and regulatory hurdles remain. The development is preliminary and its market impact is uncertain.