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Brazil Hands Government Control Over Mining Deals

Brazil's Congress passed a bill Wednesday letting the government block foreign takeovers of mining companies and scrutinize who gets access to the country's mineral reserves…the thing is, though...Brazil still can't turn its rare earth ore into a single magnet, and won't be able to for years. The Senate approved PL 2.780/2024 by voice vote, sending it to President Luiz Inácio Lula da Silva for signature. It creates…