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US signals openness to Brazil critical minerals processing deals
The US message to Brazilian counterparts focused on commitments that add value locally, including support for processing and refining.
The United States is signaling it could back development of Brazil’s critical minerals processing industry, as Washington looks to improve access to Brazil’s mineral resources while reducing reliance on China, according to Mining.com citing US embassy sources.
In meetings with Brazilian counterparts, American representatives stressed they were open to local value adding commitments, including support for processing and refining, Mining.com reported.
The outlet said mining companies with US ties are increasingly considering going beyond extraction in Brazil, with a USA Rare Earth spokesperson telling Mining.com that the company had not excluded the possibility of building further downstream capabilities in Brazil.
Mining.com added that Brazil has made domestic processing a central part of its minerals strategy, raising the stakes for foreign investors seeking access to the country’s critical minerals supply chain.