Minas Gerais
Coverage of Minas Gerais in the Nexus archive.
- Brazil Rare Earths Draw Korea’s POSCO Into the Caldeira Project
POSCO, a South Korean steel company, has signed a strategic agreement with Australia's Meteoric Resources to secure up to 30% of rare earths production from Brazil's Caldeira project in Minas Gerais over seven years.
- Brazil’s PDT Backs Kalil for Minas Governor, Snubbing Lula’s PT
The PDT endorsed Alexandre Kalil as the candidate for Minas Gerais governor, highlighting a conflict with the PT party. The move signals a rift between the PDT and PT on the left.
- Brazil’s Congress Waves Through $2.4bn in Off-Budget Spending
Brazil’s Congress approved $2.4 billion in off-budget spending, including a $1.9 billion diesel subsidy and $253 million for flood recovery in Minas Gerais. The funds were allocated through extraordinary credits, with the diesel subsidy being the largest single item.
- The Little-Known Brazilian Export With the Most to Lose From US Tariffs
Pig iron, a raw iron used by steel mills, is Brazil's top export to the United States. Minas Gerais, Brazil's main hub for pig iron exports, sold approximately $1 billion to the U.S. in 2025, making it highly vulnerable to U.S. tariffs.
- USA Rare Earth Rebuts MP Materials Lawsuit as Rivalry Deepens
USA Rare Earth is responding to a lawsuit from MP Materials as competition intensifies. The article mentions lithium mining in Brazil's Minas Gerais state, where the state aims to attract investors for its lithium resources to meet demand for electric-vehicle batteries.
- A Brazil Lithium Miner Beats a Court Order as Scrutiny Mounts
A Minas Gerais appeals court overturned a lower-court order against Sigma Lithium’s mine in southern Brazil, removing a potential $10m financial guarantee tied to waste-handling claims. Sigma’s shares rose about 7% following the decision, reversing earlier losses.
- GIC, Itausa Lead $1 Billion Injection in Aegea, Diluting Equipav
Aegea will receive $1 billion in fresh capital from shareholders led by GIC Pte and Itaúsa SA, preparing a potential bid for Copasa. The investment is part of Aegea's preparation for a possible acquisition. The deal may impact the utility industry in Minas Gerais.
- Coffee Climbs on Iran Conflict Concerns and Brazil Weather Risk
Coffee prices are rising due to concerns over the Iran conflict and weather risks in Brazil, which is affecting the coffee market. The article highlights production challenges in Brazil's Minas Gerais state.