Brazil: President Lula da Silva reaffirms country to leverage critical minerals for economic sovereignty

Brazilian president Luiz Inácio Lula da Silva stated on Monday that his country will not be a mere exporter of critical minerals, but will seek to industrialize them to generate added value and strengthen its development. During a business forum in Mozambique, Lula emphasized the urgency for nations to define sovereign models for the exploitation of these resources, protecting the interests of developing countries. The Brazilian leader had already highlighted the importance of critical minerals such as lithium, nickel, cobalt, manganese, graphite, and rare earth elements during the G20 summit in Johannesburg, pointing out their fundamental role in the energy transition and technological sovereignty.

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