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Brazil Rejects State Miner Proposal Amid U.S. Deal Stalemate

Brazil Rejects State Miner Proposal Amid U.S. Deal Stalemate

Brazil's Industry Minister Marcio Elias Rosa has dismissed the idea of creating a state-run critical minerals company, despite ongoing discussions in Congress. The proposal, part of a broader national framework for critical minerals, includes a fund to support mining projects but has faced opposition due to concerns over increased state intervention. Brazil, with significant rare earth reserves, is navigating policy uncertainty as it seeks to attract private investment and expand its role in the global minerals market. The U.S. is engaging with Brazilian states to advance partnerships, despite federal-level challenges.
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Brazilians Challenge $2.8 Billion Sale of Rare Earth Mine to U.S. Company

Brazilians Challenge $2.8 Billion Sale of Rare Earth Mine to U.S. Company

Lawmakers from Brazil's Socialism and Liberty Party (PSOL) have filed a complaint with the Office of the Prosecutor General to annul the sale of the Serra Verde mining company to USA Rare Earth. The transaction, valued at $2.8 billion, involves the transfer of a strategic rare earth mine in Goias, Brazil, to foreign ownership. The legislators argue that the sale threatens Brazil's economic sovereignty and have requested the suspension of all related contracts and payments. They are also calling for an investigation into potential administrative overreach by former Goias Governor Ronaldo Caiado.
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USA Rare Earth Acquires Serra Verde to Bolster Rare-Earth Supply Chain

USA Rare Earth Acquires Serra Verde to Bolster Rare-Earth Supply Chain

USA Rare Earth Acquires Serra Verde to Bolster Rare-Earth Supply Chain
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Brazil to Regulate Critical Minerals Without Tax Breaks Amid Global Demand

Brazil to Regulate Critical Minerals Without Tax Breaks Amid Global Demand

Brazil's Finance Minister Dario Durigan announced plans to regulate the critical minerals sector without offering new tax breaks, aiming to secure national sovereignty and add value through domestic processing. Despite being a small producer, Brazil holds significant reserves of critical minerals essential for high-tech industries. The US is working to integrate Brazilian miners into its supply chains to counter China's dominance. Durigan emphasized that strong global demand negates the need for large fiscal incentives, although some support through programs like Eco Invest is considered strategic. The government is also against creating a state-owned company for critical minerals, focusing instead on swift regulation.
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USA Rare Earth Acquires Brazilian Mine to Strengthen Supply Chain

USA Rare Earth Acquires Brazilian Mine to Strengthen Supply Chain

USA Rare Earth Acquires Brazilian Mine to Strengthen Supply Chain
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China's Declining Share in Global Graphite Production Amid African Expansion

China's Declining Share in Global Graphite Production Amid African Expansion

China's Declining Share in Global Graphite Production Amid African Expansion
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EU prepares to clash with US again over shipping carbon levy

EU prepares to clash with US again over shipping carbon levy

By Kate Abnett and Jonathan Saul BRUSSELS/LONDON, April 24 (Reuters) - European Union countries agreed on Friday to keep pushing for a global price on shipping's CO2 emissions in U.N. talks next week, setting up another potential clash with the United States over the proposal.
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Brazilian Critical Minerals' Ema Project Recognized as Globally Significant for Rare Earth Supply

Brazilian Critical Minerals' Ema Project Recognized as Globally Significant for Rare Earth Supply

Brazilian Critical Minerals' Ema Project Recognized as Globally Significant for Rare Earth Supply
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Michael Jackson Biopic 'Michael' Achieves Record Opening Day at International Box Office

Michael Jackson Biopic 'Michael' Achieves Record Opening Day at International Box Office

Michael Jackson Biopic 'Michael' Achieves Record Opening Day at International Box Office
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US Weapon Stockpiles Depleted Amid Iran Conflict, Raising Concerns for Future Conflicts

US Weapon Stockpiles Depleted Amid Iran Conflict, Raising Concerns for Future Conflicts

The United States has significantly depleted its stockpiles of key munitions during its recent military operations against Iran, according to a report by the Center for Strategic and International Studies. The report highlights that the US has used a substantial portion of its prewar inventories of critical munitions, including long-range ground attack and air defense missiles. This depletion poses a risk for future conflicts, particularly with China, as rebuilding these stockpiles will take considerable time. The report also notes that the US is competing with other countries to replenish and expand its munitions inventories, which could impact its ability to support allies like Ukraine.
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Renault Q1 sales beat forecasts on strong demand from partners

Renault Q1 sales beat forecasts on strong demand from partners

PARIS, April 23 (Reuters) - French automaker Renault on Thursday said first-quarter sales rose 7.3% from a year earlier, well above expectations, as a jump in sales to partners including Nissan and China's Geely more than offset a disruption in production for its low-cost Dacia brand.
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US, EU to sign preliminary partnership deal on critical minerals on Friday

US, EU to sign preliminary partnership deal on critical minerals on Friday

By Kanishka Singh WASHINGTON, April 23 (Reuters) - The United States and the European Union will sign a memorandum of understanding on Friday for a partnership on critical minerals, the State Department said late on Thursday. • U.S.