MercoPress, en Español
Get our news on your inbox! Suscribe x
Montevideo, October 17th 2021 - 21:58 UTC
A consortium of five Chinese companies has acquired a 15% stake in Brazil's Companhia Brasileira de Metalurgia e Mineracao (CBMM), the world's biggest niobium producer, for 1.95 billion dollars in cash. Read full article
Brasil commands 96% of a material essential for specialist steel manufacture!
Sounds just like the Chinese Rare Earth monopoly all over again.
No wonder the big foreign boys are buying chunks out of the company. The USA will be lining up for another 15%
- following recent precidents, with (eg) 45% of Brasilian Niobium reserves in foreign hands the Brasilian Government will be swift to place the majority share in Government's own hands.
Honestly, it's the best thing to do.
we have said it before,
being clever to allow these countries to buy everything, may look good on paper, but thats your wealth going eastwards,
south america wont be laughing when the very clever boys pull the plug.
too true, have investment but control it & don't let foreigners get a stranglehold.
I said it you said it we said it before, China is buying everything.
now they claim the south china seas, remind you of anyone,
perhaps some bright spark will claim the atlantic ocean,
their claim - which will rapidly become de facto - is that the SCS is part of the Chinese Sphere of Influence, and not part of that of the USA.
Their claim on the Spratleys, etc, is a powerfully disputed EEZ claim based on sub-marine exploitation potential.
In the fulness of time, with enough aircraft carriers and missile cover, China will prevail and exercise its 'rights' to extraction.
Raw power and proximity.
Commenting for this story is now closed.If you have a Facebook account, become a fan and comment on our Facebook Page!
Get our news on your inbox!