MINING
Lula defends sovereignty over critical minerals
President Lula addressing the Mozambique-Brazil Business Forum in Maputo. Photo: Ricardo Stuckert/PR
During a visit to Mozambique, President Luiz Inácio Lula da Silva said Brazil will not be limited to the role of merely exporting critical minerals.
👉 Why it matters. Essential to a wide array of energy technologies and to the broader economy, critical minerals have moved to the center of global policy and trade debates. This cluster of elements have taken on heightened geopolitical importance due to their role in the energy transition, advanced manufacturing and defense.
“If they want them, they will have to industrialize our country so that our country can earn this money,” he said at a business event in Maputo. Despite being home to major critical mineral reserves, Brazil still ships much of its output in basic form — while China and the United States escalate their competition for access.
Last week, the federal government issued a decree…
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