Brazil Proposes Forming State-Run Rare Earths Firm in New Bill.

The article focuses on a proposed bill by Brazilian Congressman Rodrigo Rollemberg to establish Terras Raras Brasileiras SA (Terrabras), a state-run company dedicated to rare earths and critical minerals. The company would oversee research, exploration, and commercialization of these minerals, with a capital structure involving private entities and development banks, while maintaining federal government control. Brazil holds the largest rare earth reserves outside China, and the initiative aligns with President Luiz Inacio Lula da Silva’s priority to develop a local supply chain amid global efforts to diversify critical mineral sources. The bill also addresses concerns about foreign influence in Brazil’s mining sector, referencing U.S. investments and agreements that have caused political tensions. The proposal requires legislative approval and faces a challenging timeline due to upcoming elections. [Extracted from the article]