Brazil rejects 'TerraBras' as US minerals deal stalls
Geopolitics · Mining.com ·
Brazil's Industry Minister Marcio Elias Rosa pushed back on proposals to create a state-run critical minerals company ('TerraBras'), stating the existing regulatory framework already offers incentives for the sector. The policy vacuum highlights rising friction between Brasília and Washington, complicating efforts to secure a bilateral minerals agreement even as Brazil holds the world's second-largest rare earths reserves.