Lula names China possible partner in Brazil critical minerals plans
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Brazilian President Luiz Inacio Lula da Silva named China as a possible partner in his critical minerals plans on Thursday. He said Brazil should stop shipping raw ore and instead process minerals domestically. The comments came three days before Sunday's presidential election.
Key Facts
- Lula said Brazil should stop shipping out raw ore and process minerals domestically.
- Brazil holds the world's second-largest rare earth reserves after China.
- Lula made the comments on Flow podcast on Thursday evening, three days before Sunday's election.
- Lula said China could be a partner 'bringing technology to us', as could the United States.
Lula's Mineral Plans
Lula told Flow, one of Brazil's most-watched podcasts, that the country should stop shipping out raw ore. "We want to transform them here in Brazil," he said of the minerals. Asked whether China fit into his plans, Lula said it could be a partner "bringing technology to us", as could the United States. "[Donald] Trump has to know that he takes care of the United States. I take care of Brazil," he said.
Rare Earth Competition
Brazil holds the world's second-largest rare earth reserves after China. Both Washington and Beijing are seeking supplies outside Chinese control. Lula's comments came three days before Sunday's closely fought election.
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