Lithuania joins US-led critical minerals initiative
- On Wednesday, the Lithuanian government approved participation in US-led initiatives to secure critical minerals and strengthen advanced technology supply chains, deepening strategic cooperation with the United States.
- The initiatives consist of a US-proposed critical minerals agreement and the "Pax Silica" declaration, which seek to encourage investment in raw material extraction and strengthen global supply chains for semiconductors and advanced technologies.
- Numerous countries including Australia, Britain, Japan, Malaysia, and Poland have already joined; the European Union signed the critical minerals memorandum in April and joined the declaration in June.
- The Foreign Ministry stated that participation strengthens strategic cooperation with the United States while reducing business risks and dependence on limited suppliers, implicitly countering China's dominance in critical technology sectors.
- Building on established photonics and laser industries, Lithuanian companies may integrate into critical technology supply chains; the Ministry stressed neither the minerals agreement nor the "Pax Silica" declaration creates binding legal obligations.
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24 Articles
Brazil Passes Critical Minerals Bill Tightening Deal Scrutiny
Brazil’s Congress approved a critical minerals bill that gives the government greater scrutiny over mining deals, despite warnings from the industry that the rules risk deterring foreign investment.
The plenary of the Senate approved on Wednesday the basic text of the bill (PL) that creates rules and seeks to encourage the national industry to exploit critical minerals. The proposal establishes a national policy for so-called rare lands, and provides investments of up to R$ 7 billion in incentives for projects the sector. The text reported by Senator Eduardo Braga (MDB-AM) has not undergone any major change in the Senate and now goes to pre…
The text, which provides for investments of up to 7 billion reais, follows for punishment of President Lula (PT)
Lithuania joins US-led critical minerals initiative
Lithuania’s government on Wednesday approved the country’s participation in US-led initiatives aimed at securing supplies of critical minerals and rare earths and strengthening supply chains for advanced technologies.
The text aims to create the legal and financial conditions for the national industry to process these minerals within Brazil The post Senate approves National Policy of Critical Minerals with Braga's report apareceu primeiro em AMAZONAS ATUAL.
Proposal focuses on national sovereignty and encourages the refining of minerals in Brazil, but also on the opening of new extractive borders.
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