Peru’s Path Forward: Navigating Political, Economic, and Global Dynamics

LATIN AMERICA ADVISOR

LATIN AMERICA ADVISOR

A daily publication Of the dialogue

January 30, 2025

What Role Does Latin America Play in Critical Minerals?

The Brazilian government announced this month that it will provide new financing for the country’s critical minerals sector. A mining operation in Brazil is pictured. // File Photo: Brazilian Government.

Q

A

Giselle Vila Benites, Cornell Atkinson postdoctoral fellow in the Department of Global Development at Cornell University: “In the past, Latin American countries relied on a limited range of minerals to boost revenue, such as gold, coal or copper. Today, however, the mining sector has diversified its mineral portfolio. International demand is now more sensitive to value chain disruptions and mineral scarcity, leading countries to classify certain minerals as critical. Supply countries’ policies may not align with the concept of mineral criticality, but rather with domestic concerns that reshape national policies. For example, longstanding aspirations for industrial development often prefigure the transformation of mining enclaves into…”

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The Inter-American Dialogue publishes the Latin America Advisor every business day for a distinguished membership of informed corporate leaders, scholars, and government officials invested in Latin America’s development and future. The Advisor‘s highly regarded Q&A section covers questions submitted by subscribers themselves. Commentators regularly include heads of state, business leaders, diplomats, economists, analysts, and thought leaders from around the world. Many of the world’s largest and fastest-growing companies subscribe to the Advisor. To subscribe, click here. For terms and conditions, click here. For more information, contact Gene Kuleta, editor of the Advisor, at gkuleta@thedialogue.org.

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