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Lula Sanctions R$7 Billion Critical Minerals Policy, Adding Veto Power Over Foreign Deals

Brazil's President Luiz Inácio Lula da Silva signed a new minerals law offering R$7 billion in incentives while creating a government council to approve or veto foreign acquisitions in strategic sectors like lithium and nickel.

By Diane Cole

Published
Lula Sanctions R$7 Billion Critical Minerals Policy, Adding Veto Power Over Foreign Deals
Illustration — BRZ.news

Brazil's President Luiz Inácio Lula da Silva signed a new minerals law offering R$7 billion in incentives while creating a government council to approve or veto foreign acquisitions in strategic sectors like lithium and nickel.

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