Petrobras is moving into critical minerals with state bank BNDES, an oil giant chasing the lithium and rare earths that power the energy shift.
Business · Brazil
Key Facts
—The deal. Petrobras and Brazil’s state development bank signed a pact to research critical minerals together.
—The surprise. An oil company is moving into the metals that power batteries, wind turbines and electronics.
—The metals. The focus is on lithium, nickel, cobalt, copper and rare earths, the raw materials of the energy shift.
BRAZIL · ECONOMY Key Facts —The signal: the head of Brazil's development bank says it wants to extend its critical minerals…
Brazil is seeing increasing demand for its vast reserves of rare earth elements. Global mining giants are betting on Brazil as…
With the world's second-largest reserves of rare earths after China, Brazil is catching the eye of US and Chinese companies
Brazil holds the world’s 2nd-largest reserves and wants to become a processor of critical minerals—but it refuses to choose sides…
Rising demand for rare earths is drawing global miners to Brazil, positioning it as a potential alternative to China's dominance.
Pro-government lawmakers want Brazil to use mining for rare earths, key to many green technologies, to drive economic development
