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Mexico's ruling party seeks to nationalize lithium in Mexico, strengthen Pemex

Christian Fernsby ▼ | September 8, 2020
Mexico's ruling party Morena will seek formulas in both houses of Congress to nationalize lithium and strengthen Petroleos Mexicanos (Pemex), the most productive state industry, legislative leaders said.
Petroleos Mexicanos
Pemex   Petroleos Mexicanos
The issue arose in response to the economic recovery efforts after the deterioration caused by more than six months of crisis due to the Covid-19 pandemic.

Topics: Mexico

Nationalizing lithium, reinforcing the role of Pemex as a market leader, as well as various changes in the Federal Electricity Commission (CFE), regulating bodies and the Hydrocarbons Law, are some of the reforms that Morena's parliamentary group in the Senate proposed in the Legislative Agenda for the first ordinary session to be held from September to January 2021.

According to the agenda of the parliamentary group coordinated by Ricardo Monreal, the objective of the initiatives is to consolidate a more just, inclusive, equitable and prosperous country.

The proposal adds to the declarations of the former head of the Secretariat of Environment and Natural Resources (Semarnat), Víctor Manuel Toledo, who in mid-June highlighted the importance of the nationalization of lithium by the federation, a resource that is being explored and exploited in the center and north of the country.