Lula Slams Sale of Brazilian Rare Earth Producer to US Company

President accuses former Goias governor of abuse of authority in $2.8B deal

luiz inacio lula da silva ronaldo caiado serra verde

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Brazilian President Lula criticized the $2.8B sale of rare earth producer Serra Verde to USA Rare Earth, accusing former Goias governor Ronaldo Caiado of abuse of authority.
The deal raises sovereignty concerns as constitutional provisions reserve mineral resource decisions for the federal government.

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Brazilian President Lula criticized the $2.8B sale of rare earth producer Serra Verde to USA Rare Earth, accusing former Goias governor Ronaldo Caiado of abuse of authority. The deal raises sovereignty concerns as constitutional provisions reserve mineral resource decisions for the federal government.

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