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US concedes it lost China race for critical minerals, Brazil says

Brazil’s mines minister said the lost edge centered on electrification and mineral separation, while the government is pushing foreign capital into onshore processing.

Reported · Written up by our desk · Trade & Tariffs

Brazilian Mines and Energy Minister Alexandre Silveira said U.S. President Donald Trump and his team conceded during White House talks in May that the United States had lost the critical minerals race to China. Silveira made the disclosure in an unscripted speech Monday at Exposibram, an industry conference run by the Brazilian Mining Institute, in Minas Gerais, a state responsible for more than 40% of the country’s mineral output.

Silveira attributed the U.S. shortfall to electrification, mineral separation, and support tied to defense industry needs, adding that the U.S. government is nevertheless directing billions of dollars toward Brazilian mines. In his remarks, he argued Brazil will not remain only an exporter of raw ore, and said the government is working to increase mineral processing capacity inside the country.

According to Silveira, the Oval Office meeting was followed by an extended working lunch that ran more than an hour past schedule, covering topics that included trade, tariffs, organized crime, and critical minerals. HousingWire reports?

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