Brazil and South Korea Strike a Minerals-for-Technology Pact as U.S. Tariffs Reshuffle Global Trade

2026-02-23 - 20:03

Key Points — Presidents Lula and Lee Jae Myung signed ten memorandums of understanding in Seoul covering critical minerals, AI, defense, agriculture, and biotechnology — upgrading ties to a strategic partnership with a four-year action plan. — Brazil holds the world’s second-largest rare earth reserves and significant nickel deposits — exactly what South Korea’s semiconductor,