Lula Win Dashes US Hopes for Brazil Rare Earths
Brazilian President Lula da says government plans new regulations for rare earths. The policies prioritize domestic processing rather than raw exports, impacting US investment plans.
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Brazil will prioritize local processing of critical minerals under new rules, dashing United States hopes for fast resource access. The policy shift follows the reelection of leftist leader Luiz Inacio Lula da Silva over challenger Flavio Bolsonaro. Washington and China are competing for raw materials essential to modern manufacturing.
