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
Germany Eyes Tech Collaboration as Brazil Ramps Up Critical Metals Investment
Germany and Brazil Strengthen Ties in Critical Metals and Technology
Germany's Offer of Technological Support
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.
Brazil's Investment Strategy in Critical Minerals
Brazil's Stance on Resource Extraction
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."
Expanding Defence Cooperation
Lula added that Brazil was seeking to ramp up defence cooperation with Germany.
Strategic Areas of Collaboration
"We are engaged in dialogue regarding strategic areas such as tanks, air defence and drones, as well as joint projects," he said.
Upcoming Government Consultations
German-Brazilian government consultations are due to take place later on Monday.
Reporting Credits
(Reporting by Andreas Rinke, Writing by Friederike Heine; editing by Matthias Williams)
