Economy

Lula seeks investments from Asia to exploit critical minerals

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 15/11/2026, 20:24:23 UTC.

Briefings

Brazil's President Lula announced in Manila that the country aims to attract investments for the exploration and industrialization of critical minerals and rare earths, a strategic move to integrate into global energy transition supply chains. This declaration occurred at the ASEAN Summit in Manila on November 15, 2026, following Brazil's designation as a Sectoral Dialogue Partner of ASEAN, which expands its political and economic participation. Lula emphasized that Brazil will not limit itself to exporting raw materials but seeks to add value through domestic industrialization of these minerals. The statement was made during a broader diplomatic context involving deepening ties between Mercosul and ASEAN, with Lula citing sustainable development and reducing inequalities as key goals.

Key points

• Brazil's President Lula declared in Manila on November 15, 2026, that the nation intends to attract investments for the exploration and industrialization of critical minerals and rare earths to expand its role in global energy transition supply chains.
• Lula stated that Brazil will not limit itself to exporting raw materials but aims to add value through domestic industrialization of these minerals in Brazilian soil.

Context

The announcement was made at the ASEAN Summit in Manila on November 15, 2026, where Lula also defended deepening ties between Mercosul and ASEAN, highlighting sustainable development goals. Brazil is already a Sectoral Dialogue Partner of ASEAN, aiming to elevate its status to a full Partner of Dialogue to enhance participation in regional forums.

Limitations

Evidence covers only Lula's public statements at the ASEAN Summit in Manila on November 15, 2026. Specific investment figures, projected timelines for industrialization, or detailed economic impact assessments are not provided in the source material.

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