00:01Moving now to Brazil. President Luiz Inácio Lula da Silva said Friday that critical minerals on rare earths are matters
00:07of national security and sovereignty.
00:10Speaking during an interview with the Brazilian television program Sem Censura, Lula announced the creation of a national council linked
00:17directly to the presidency to oversee rare earths policy as part of the broader state strategy.
00:23The president said that Brazil would not repeat the historical model of exporting raw materials without industrial proceedings.
00:29They also supported the creation of a sovereign fund model on the mechanism established with revenues from the country's pre
00:37-sold offshore oil reserves,
00:39and said the initiative would help ensure that profits generated from the mining activities benefit the Brazilian population directly.
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