Sao Paulo, April 22 -- In a significant policy shift aimed at safeguarding national interests, the government of Brazil is advancing plans to strengthen state oversight of its strategic mineral resources. The move follows controversy surrounding the sale of the Serra Verde mining company to a United States-based firm, raising concerns about foreign control over critical assets.

Energy and Mines Minister Alexandre Silveira announced that a comprehensive National Rare Earth Policy will be presented to President Luiz Inacio Lula da Silva on Wednesday. The policy aims to ensure national sovereignty over rare earth elements, key components in high-tech industries and clean energy technologies, as reported by Brasil 247

Central to the proposa...