Paraguay Overhauls Mining Code for Minerals Rush

2026-02-16 - 18:45

Key Points Paraguay is overhauling its 2007 Mining Code to attract foreign investment in lithium, rare earths, uranium, copper and titanium — minerals the country has never commercially exploited. The reform follows a critical minerals MOU signed with the United States at Washington’s February 4 ministerial, placing Paraguay inside Trump’s “friend-shoring” strategy to reduce dependence