HANOVER, Germany, April 20 (Reuters) – Germany Chancellor Friedrich Merz said on Monday that Brazil had great potential to expand deliveries of critical metals, adding that Germany can supply the technology. “There are significant opportunities in the cost-effective extraction of certain metals required for e-mobility and wind turbines,” Merz said at the Hanover industrial fair […]
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Merz touts Brazil’s potential on critical metals, says Germany can supply technology
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HANOVER, Germany, April 20 (Reuters) – Germany Chancellor Friedrich Merz said on Monday that Brazil had great potential to expand deliveries of critical metals, adding that Germany can supply the technology.
“There are significant opportunities in the cost-effective extraction of certain metals required for e-mobility and wind turbines,” Merz said at the Hanover industrial fair alongside Brazilian President Luiz Inacio Lula da Silva.
“Germany is prepared to support Brazil with technological know-how and expertise in order to further expand these relations,” he added.
Speaking via a translator, Lula said his country had expanded its investment in critical minerals and rare earths, but that his government would “not accept any models that reduce our country to mere resource extraction, serving only to meet demand from abroad.”
Lula added that Brazil was seeking to ramp up defence cooperation with Germany.
“We are engaged in dialogue regarding strategic areas such as tanks, air defence and drones, as well as joint projects,” he said.
German-Brazilian government consultations are due to take place later on Monday.
(Reporting by Andreas Rinke, Writing by Friederike Heine; editing by Matthias Williams)