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Mexico bets on lithium monopoly, “gold” in the face of electric car boom

RIO DE JANEIRO, BRAZIL - Mexico plans to monopolize the exploitation of lithium, indispensable for electric car batteries and the development of new technologies, according to a constitutional reform project of leftist President Andrés Manuel López Obrador.

The initiative sent to the Chamber of Deputies also proposes reserving the majority participation in the electricity sector, López Obrador announced this Friday in his usual press conference.

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If the amendment is approved, the exploitation of minerals "considered strategic", such . . .

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