The economic impacts of the wars in the Middle East and Ukraine and negotiations on critical minerals will be the main topics discussed by Brazil at the BRICS and G7 meetings, said the country’s Finance Minister Dario Durigan on Tuesday (Apr. 12) in an interview with TV Brasil. Durigan also noted that the negotiations will include strategic investments and energy security.

The trips will take place amid rising global geopolitical tensions and are part of the Brazilian government’s strategy to anticipate scenarios of international turmoil in order to protect sectors such as fuels, agribusiness, and mining.

The minister stated that Brazil intends to establish itself as a strategic partner in mineral resources and technology, while seeking to expand international cooperation in areas considered critical to the Brazilian economy.

Agenda in Moscow

Durigan arrives in Moscow on Thursday (14), where he will participate in the meeting of the New Development Bank, controlled by the BRICS – a group comprising Brazil, Russia, India, China, and South Africa.

The assembly should focus on ways to protect the Brazilian economy from the effects of international conflicts, particularly regarding fuel prices and agribusiness.

The minister also plans to meet with representatives from India, Middle Eastern countries, and other nations in the bloc to assess economic scenarios in light of international instability. Durigan notes that even though the war is beyond the control of Brazilians, it affects the country, as seen in fuel prices.

Strategic minerals

The issue of critical minerals will also be raised in both Russia and France, where the minister arrives on Monday (18) for the G7 meeting. The Brazilian government aims to transform the country into one of the world’s leading suppliers of raw materials considered essential for the technology industry and the energy transition.

Among the minerals mentioned are rare earths, niobium, and graphene. As it stands today, China leads global production of these materials, while Brazil seeks to consolidate its position as the country with the second-largest global reserves.

The government argues that future international partnerships should be linked to local industrialization and job creation in Brazil, transforming raw materials into more sophisticated products and expanding domestic development.

G7 meeting

In Paris, Minister Durigan will hold meetings linked to the G7, a group comprising the seven wealthiest democracies in the world. Brazil will participate as a guest.

In addition to discussions on strategic minerals, the agenda is expected to include global security, the economic impacts of wars, and alternatives for geopolitical stabilization.

According to the minister, Brazil intends to present itself as a reliable alternative for the supply of critical minerals in light of international dependence on China.

The economic team also wants to expand talks with European countries interested in investing in the Brazilian mineral sector under new exploration rules.