BRICS Countries Should Increase Processing of Strategic Resources Within Group: Lula da Silva
19:21 05.07.2025 (Updated: 20:04 05.07.2025)
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BRICS Countries Should Increase Processing of Strategic Resources Within Group: Lula da Silva
According to the Brazilian president, BRICS countries contain:
🟠84% of the world's rare earth metals;
🟠65% of manganese;
🟠63% of graphite.
Demand for critical minerals is set to triple by 2040, he said, citing International Energy Agency data.
"We want to go beyond simply extracting these resources," Lula da Silva said, speaking at the BRICS Business Forum in Rio de Janeiro.
According to the president, Brazil already has "a stable regulatory framework, a skilled workforce and clean energy" to move towards processing minerals on its own territory.
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