Lula: Foreign access to Brazil's critical minerals to require local value generation, tech transfer

At the UN General Assembly, President Lula announced that foreign access to Brazil's critical minerals and rare earths will be conditional on mandatory value generation in Brazil, technology transfer, and supply to national strategic sectors. This signals a shift toward resource nationalism, potentially affecting US and other partners seeking to reduce reliance on Chinese minerals. The policy's implementation and impact on existing and future mining deals remain uncertain.