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

The European Union is proposing a partnership with Brazil on critical minerals, aiming to offer a more advantageous deal than those presented by the United States or China. European Commissioner for International Partnerships Jozef Sikela stated this during a visit to Brazil, emphasizing the EU's commitment to investing in Brazil's domestic refining and technology sectors. This initiative is part of the EU's strategy to reduce its reliance on Chinese supply chains for these essential materials. The EU's approach prioritizes business sustainability and local processing of rare earths, aligning with Brazil's goal of exporting processed minerals. This cooperation is being accelerated through selected projects, including a visit to a rare earth research and processing center in Minas Gerais.