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Reuters
Reuters
Business
By Sarah Marsh

Scholz seeks to secure more critical minerals on South America tour

Chile's President Gabriel Boric and German Chancellor Olaf Scholz visit an area recreating the old office of former Chilean President Salvador Allende at La Moneda government palace in Santiago, Chile, January 29, 2023. Sebastian Rodriguez/Chilean Presidency/Handout via REUTERS

German Chancellor Olaf Scholz lobbied this week for South America to prioritize cooperating with Germany in its commodities sector as Berlin joins the race for critical minerals, with lithium key for its auto industry.

Europe's largest economy has fallen behind in the race for critical minerals, in part due to a distaste for the dirty business of mining as well as faith in the open market, German government officials say.

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