Economy

Lula sees opportunities in Asia to explore critical minerals

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 15/11/2026, 18:24:23 UTC.

Briefings

Brazil's President Luiz Inacio Lula da Silva announced on November 15, 2026, in Manila that the country aims to attract investments for the exploration and industrialization of critical minerals and rare earths. Lula emphasized that Brazil will not limit itself to exporting raw materials but seeks to add value through domestic processing to support the energy transition. This declaration was made during the opening of the ASEAN Summit in Manila, where Lula also pledged to deepen ties with ASEAN and the Mercosul bloc.

Key points

• Brazil's President Luiz Inacio Lula da Silva declared on November 15, 2026, in Manila that the nation intends to attract investments for the exploration and industrialization of critical minerals and rare earths.
• Lula stated that Brazil will not limit itself to exporting raw materials but aims to add value through domestic processing to support the energy transition.

Context

The announcement was made during the opening of the ASEAN Summit in Manila, where Lula also pledged to deepen ties with ASEAN and the Mercosul bloc. Lula linked the push for critical minerals to broader economic cooperation and the energy transition, positioning Brazil as a strategic partner for Asia.

Limitations

Evidence is limited to Lula's statements at the ASEAN Summit on November 15, 2026, in Manila. Specific investment targets, projected industrialization timelines, or detailed financial figures are not provided in the source.

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