Critical Minerals
Lula and Trump meet today in Washington focusing on bilateral issues
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Presidents Luiz Inácio Lula da Silva and Donald Trump hold a meeting at the White House on Thursday. The talks cover organized crime, trade tariffs and critical minerals. Cuba is expected to remain a secondary topic, according to Itamaraty sources.
Deputy Arnaldo Jardim (Cidadania-SP) presented the report for the new Critical Minerals Framework, proposing a public fund of up to R$ 5 billion to finance mineral projects. The text creates a council to oversee exports and international agreements. Voting is scheduled for Tuesday or Wednesday.
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Chile and the United States signed a security agreement and a memorandum on critical minerals and rare earths in Santiago on Monday. The ceremony at the Foreign Ministry featured Foreign Minister Francisco Pérez Mackenna and US officials. The deals aim to bolster bilateral cooperation against challenges like organized crime and supply chains.
The upcoming G20 Summit in Johannesburg faces uncertainty due to a US boycott led by President Donald Trump, alongside absences from other key leaders. South Africa aims to advance priorities like critical minerals and debt sustainability despite the challenges. President Cyril Ramaphosa insists the event will proceed and yield important decisions.
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As climate change intensifies, mining emerges as both a historical culprit and a key solution in the global push for net zero emissions by 2050. Critical minerals like copper, cobalt, and lithium are in high demand for renewable energy technologies, but supply challenges loom large. Experts highlight the irony of the industry's pivot from fossil fuels to green metals.