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   Non-TechThe Brazil Board

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To: Glenn Petersen who wrote (2090)10/6/2020 8:15:14 AM
From: elmatador
   of 2220
The backing from the $60 billion US International Development Finance Corporation (DFC) will help TechMet develop a nickel and cobalt mine in Brazil. Both metals are key in the production of the batteries that power electric cars and cell phones.US grabs stake in battery metals miner to fight Chinese control

US grabs stake in battery metals miner to fight Chinese control

Brazilian Nickel is a nickel/cobalt project in Brazil, applying breakthrough heap-leach technology to treat laterite ores and produce nickel and cobalt products perfectly suited for the battery market

US grabs stake in battery metals miner to fight Chinese control
Cecilia Jamasmie | October 5, 2020 | 3:49 am Battery Metals China Latin America USA Cobalt Lithium Nickel

TechMet is funding the first commercial phase of a nickel-cobalt project in Brazil. (Image courtesy of Brazilian Nickel.)
The US government is taking a $25 million equity stake in Dublin-based battery metals miner TechMet, as part of a push by President Donald Trump to reduce the country’s reliance on supply chains dominated by China.

The backing from the $60 billion US International Development Finance Corporation (DFC) will help TechMet develop a nickel and cobalt mine in Brazil. Both metals are key in the production of the batteries that power electric cars and cell phones.


TechMet’s Brazilian Nickel project, in the north-eastern state of Piauí, is estimated to hold as much as 72 million tonnes of nickel and cobalt.

“Investments in critical materials for advanced technology support development and advance US foreign policy,” Adam Boehler, chief executive officer of the government agency, said in a statement.

The move follows last week’s executive order declaring a “state of emergency” in the US mining industry. The directive, which seeks pushing a local battery metals industry forward, also called for a report evaluating possible measures such as tariffs, quotas, or other trade restrictions targeting China and “other non-market foreign adversaries.”

Washington has expressed concern that China’s control of rare earths supply could be used as a tactic against US companies that depend on those elements.

Breaking China’s holdChina produces roughly two thirds of the world’s lithium-ion batteries and has taken steps to secure critical metals for them, particularly in Africa and Latin America.

The US is trying to fight back, with the Pentagon promising to fund domestic mining of the essential materials, while also investing in projects abroad.

Washington has also created the DFC to provide an alternative to Chinese overseas finance in Asia, Africa and Latin America.

The backing to TechMet marks the first time the US government has invested directly in a metals and mining company, the company’s chief executive, Brian Menell, said.

TechMet was founded in 2017 by South African mining veteran Brian Menell, a former executive at Anglovaal and De Beers.

The company has a tin and tungsten mine in Rwanda, a rare earths mine in Burundi, and a lithium-ion battery project in Canada. It also produces vanadium, a crucial metal for manufacturing nuclear reactors and military aircraft.

The US is not alone in its quest to reduce reliance on foreign producers. In September, the European Union stepped up its efforts to become less dependent on imported raw materials, including rare earths and, for the first time, lithium.

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To: THE ANT who wrote (2059)10/10/2020 3:29:17 AM
From: elmatador
   of 2220
Real estate going up with a vengeance. Two factors at play.
  1. Lowest interest rates ever
  2. Urban exodus Covid effect

1) Before the pandemic (Nov. 2019) real estate market was already going up as
Each percentage point less in the rate can attract two million families to mortgage, calculate developers.

In the third quarter, (2019) the number of residential properties launched grew 23% in the country. Sales rose 15% over the same period in 2018. There were more than 30 thousand units

Last month: The monthly indicator of the Brazilian Association of Real Estate Developers (Abrainc), prepared by the Foundation Institute for Economic Research (Fipe), registered a 58% increase in sales of new housing units in July compared to the same month in 2019. It was the best result monthly index of the Abrainc / Fipe indicator since May 2014.

2) This movement of urban “exodus” is not new only in Brazil. Other countries have seen this happen during the pandemic, such as the United Kingdom, which has undergone changes in the housing market due to the migration of people who decided to leave London to live in cheaper cities with higher quality and lower cost of living.

It is not yet possible to say whether the exodus will happen in a massive way and if the capitals will be emptied after the pandemic, but it is a fact that it was decisive to change
(Machine Translated)

Brazilians did not dispersed from the major urban centers even though Internet connectivity is widespread and companies digitalize, because of a cultural phenomenon. They love personal relationships. talk and listen rather than write and reading.

The pandemic forced changes in that. It is similar to what happened to banking in the 1980's hyper inflation years, Brazilians abandoned banks as Brazil was a pioneer in bank automation due to the hyper inflation. .

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From: kidl10/27/2020 9:13:40 AM
   of 2220
Message 33004915

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To: kidl who wrote (2120)11/3/2020 3:34:11 AM
From: elmatador
   of 2220
The New York Times?

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To: kidl who wrote (2120)11/5/2020 10:51:49 AM
From: elmatador
   of 2220
Hat tip THE ANT

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To: Glenn Petersen who wrote (2090)11/5/2020 11:21:42 AM
From: elmatador
1 Recommendation   of 2220
EMERGING MARKETS-Stocks climb and rouble slips as Biden inches towards presidency

By Ambar Warrick


* MSCI EM stocks index at highest since May 2018

* Hungarian forint leads gains across CEE FX

* China’s yuan at 28-month high

Nov 5 (Reuters) - Russia’s rouble suffered on Thursday while China’s yuan and emerging market stocks scaled multi-year highs as Joe Biden moved closer to victory in a tight U.S. election race.

Democrats are unlikely to win the Senate, however, and markets were trying to assess the implications of a potential U.S. policy gridlock.

Developing markets that might suffer from a Biden win nursed some losses. Russia’s rouble slipped as much as 1.5% before paring back some losses to trade 0.2% lower against a softer dollar, with a fall in oil prices adding to the pressure.

“A potential Biden victory will prevent the rouble from benefiting from overall market sentiment,” said Piotr Matys, emerging markets FX strategist at Rabobank. “This risk of the U.S. imposing sanctions on Russia will continue to weigh.”


However, Russia’s rouble firmed on the Moscow Exchange which was closed for a public holiday on Wednesday.

Many other developing currencies enjoyed healthy gains. Mexico’s peso - a weather vane for U.S. trade relations - strengthened more than 1%. China’s yuan hit a 28-month high as the growing prospects of a Biden presidency raised hopes of a less tense U.S.-China trade relationship.

“Trump looks more hawkish on China and if he got another four years, his tough anti-China activities will intensify,” Hao Zhou, senior economist at Commerzbank wrote in a note.

“While Biden is also likely to take a hard approach on China, the new administration might need some time to frame the new policy, which might give China some room to breathe.”

South Africa’s rand rose 0.3% against the dollar while Hungary’s forint led gains across central European currencies with a 0.7% jump against the euro.

Many emerging market hard-currency bonds joined the rally. Mexico’s longer-dated sovereign dollar bonds jumped more than 5 cents in the dollar to multi-month highs, with bonds in other developing economies adding to Wednesday’s gains.

The Czech crown edged up against the euro ahead of a central bank meeting later in the day, where interest rates are likely to remain unchanged.


Emerging market stocks raced to their highest level since May 2018, with bourses in China, Russia and South Africa rising between 1% and 3%. The MSCI’s index of emerging market stocks was set for its best day since July.

For GRAPHIC on emerging market FX performance in 2020, see For GRAPHIC on MSCI emerging index performance in 2020, see

For TOP NEWS across emerging markets

For CENTRAL EUROPE market report, see

For TURKISH market report, see

For RUSSIAN market report, see (Reporting by Ambar Warrick in Bengaluru; Editing by Karin Strohecker and David Clarke)

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To: Glenn Petersen who wrote (2090)11/6/2020 2:29:28 AM
From: elmatador
   of 2220
We will have a reversion to pre 2013 conditions.

ANY printed money will end up in Brazil, Mexico and Indonesia.

The effects of the measures taken post 2013 will be reverted and that will benefit the Emerging Markets.

Here is what happened from 2013 onwards:
Taper Tantrum, FED toying with higher interest rates, the lower corporate taxes that repatriated US$ back to the US all that drew capital from EMs.

Any time in the past that this big inflow of capital into the developed countries happened, it created excesses in the developed cpuntries.

Remember the late 1980s? Yuppies with yellow ties. BMW the Ultimate machine? Ok, you saw Gordon Gecko, Wall Street, don't you? That happened. and was financed, on the back of the debt crisis that took a gigantic amount of capital from EMs to developed countries

Fast forward to 1997-98 Asian Meltdown. That excess of capital repatriated created the Tech Bubble, which was much bigger than anything we have witnessed before.

Any time the excesses overwhelm the developed countries, capital returns to EMs. From the exit of the Gold Standard by Nixon, to Clinton's Washington Consensus, capital always returned to EMs completing the cycle.

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To: elmatador who wrote (2123)11/7/2020 2:50:57 AM
From: elmatador
   of 2220
Brazil-s normal is end of January 2020.
The country had entered 2020 burning rubber
BRL 4.2.
BOVESPA Index 119K.

Then we had 10 months of the Covid thing interfering with the Brazilian economy.

You can see that by July the trend pointed back to January but we had the US elections campaign and the 'Covid Numbers Machine' in full swing. Now it will go back to the January normal.

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To: kidl who wrote (2120)11/7/2020 2:51:59 AM
From: elmatador
   of 2220
US elections over, the BRL is back to its August level.

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From: elmatador11/24/2020 12:33:42 AM
   of 2220
The Brazilian economy is benefiting from a new policy mix of low interest rates and a weaker currency, boosting domestic demand and exports, Guedes said during a webcast.

Earlier, the Central Bank reported that its economic activity index, considered a proxy for gross domestic product, rose 9.47% in the July-September period compared to the previous three months.

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