Brazil pushes to move up value chain of critical minerals


SAO PAULO, March 13 (Xinhua) -- Brazil aims to move beyond the simple extraction of mineral resources and expand its participation in higher value-added stages of global supply chains for critical and strategic minerals, the country's Ministry of Mines and Energy said Friday.

"Strengthening the participation of producing countries in global supply chains for critical minerals also means giving them a greater voice in defining rules, strategies and policies," said Gustavo Masili, general coordinator for strategic minerals and energy transition at the ministry.

The sector of critical minerals for the new industrial and technological era should contribute to "value-added generation, industrial innovation and regional development," the official said at the international seminar "Beyond Extraction: Value Chains for Critical Minerals," held Thursday in Asuncion, Paraguay, on the sidelines of the Annual Meetings of the Inter-American Development Bank.

"Brazil has important advantages, including geological diversity, the availability of significant mineral resources and a predominantly renewable energy matrix, factors that create favorable conditions for the sustainable development of the critical and strategic minerals supply chain," Masili said.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

Update: At least 7 killed in Israeli airstrikes on S. Lebanon
Spain warns Iran war could cut GDP by up to 1 pct, push inflation higher
1st LD Writethru: GCC leaders reject Iran's measures to close Strait of Hormuz
U.S. stocks close lower
Feature: Palestinian families in Gaza reunited with premature babies after 2 yrs
Explainer: What to know about UAE exit from OPEC, OPEC+
Crude futures settle higher
U.S. dollar ticks up
US imposes sanctions on 35 individuals, entities for aiding Iran's sanctions evasions
US ambassador to Ukraine to step down over differences with Trump, FT reports

Others Also Read