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EU proposes 'more beneficial' rare earths deal to Brazil

The European Union is proposing a partnership with Brazil for critical minerals, aiming to offer a more advantageous deal than those presented by the United States or China. The EU's strategy emphasizes investment in domestic refining and technology transfer, aligning with Brazil's goal to process its rare earth reserves rather than exporting raw ore. This initiative seeks to reduce the EU's reliance on Chinese supply chains for these vital resources. AI

RANK_REASON The EU is proposing a new strategic partnership on critical minerals with Brazil, aiming to compete with existing deals from the US and China. [lever_c_demoted from significant: ic=1 ai=0.1]

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EU proposes 'more beneficial' rare earths deal to Brazil

COVERAGE [1]

  1. SCMP — Tech TIER_1 English(EN) · Igor Patrick ·

    EU pitches Brazil a ‘more beneficial’ rare earths deal than US or China

    The European Union is offering Brazil a “more beneficial” partnership on critical minerals than the United States or China, the bloc’s international partnerships commissioner said on Thursday, promising investment in domestic refining and technology as Brussels works to cut its d…