Hi Kchil, you make a good point. Earlier today I checked out some trade figures and discovered Brazil trades two and a half times more with China than the USA. After finding the following on the internet, I now know why the USA does not have a Trade Agreement (as required for IRA compliance) with Brazil.
Quote:
In 2006, Brazil, Russia, India and China created the "Bric" group. South Africa joined in 2010, making it "Brics". The group was designed to bring together the world's most important developing countries, to challenge the political and economic power of the wealthier nations of North America and Western Europe.1 Feb 2024.
Fat chance spodumene or other lithium products from Brazil will have to benefit from those potential IRA (Inflation Reduction Act) billions.
Cantankerous James
Ann: Pilbara Minerals to acquire Latin Resources, page-223
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