Lopez Obrador vowed to keep lithium resources in the state's hands after suffering a blow earlier this year with the rejection of an electricity reform proposal.
Mexico, which nationalized lithium resources in April, has created a state-run company to mine the metal, President Andres Manuel Lopez Obrador said in a decree issued in the national gazette Tuesday afternoon.
The country’s energy minister, as well as the finance minister, economy minister, interior minister and environment minister will sit on the company’s board.
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