IBOV 173,325.65 ▼ 0.03% IPSA 10,954.04 ▲ 0.52% IPC MEX 66,125.27 ▼ 0.74% MERVAL 3,281,979 ▲ 1.81% COLCAP 2,301.34 ▲ 0.13% BVL PERÚ 56,620.35 — — USD/BRL5.07▼ 0.31% USD/MXN17.40▼ 0.15% USD/CLP934.18▼ 0.03% USD/COP3,213▼ 1.69% USD/PEN3.39▲ 0.11% USD/ARS1,478▼ 0.27% USD/UYU40.11▲ 1.23% USD/PYG6,045▲ 1.76% USD/BOB10.80▲ 2.69% USD/DOP58.02▲ 0.31% USD/CRC446.12▲ 1.15% USD/GTQ7.62▲ 2.33% USD/HNL26.74▲ 1.61% USD/NIO36.62▲ 0.84% USD/VES735.39▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.79▲ 0.73% USD/TTD6.73▲ 1.11% EUR/BRL5.78▼ 1.20% BRENT 91.78 ▲ 2.87% WTI 84.88 ▲ 1.98% IRON ORE 161.91 — — COPPER 6.53 ▲ 3.66% GOLD 4,086 ▲ 1.88% SILVER 59.17 ▲ 4.17% SOY 1,222 ▼ 0.31% CORN 475.25 ▲ 5.73% WHEAT 678.50 ▲ 0.67% COFFEE 322.80 ▼ 3.47% SUGAR 14.90 ▲ 0.54% ORANGE JUICE 142.30 ▼ 3.46% COTTON 80.03 ▲ 3.44% COCOA 5,606 ▲ 1.56% BEEF 223.05 ▼ 1.53% CATTLE 344.88 ▼ 2.02% LITHIUM 69.08 ▲ 3.23% PETR4 41.66 ▲ 1.24% VALE3 72.24 ▲ 0.43% ITUB4 42.53 ▲ 0.54% BBDC4 18.55 ▲ 0.76% ABEV3 15.80 ▲ 0.06% BBAS3 20.88 ▲ 3.52% B3SA3 15.17 ▼ 0.59% WEGE3 42.47 ▼ 1.53% PRIO3 58.18 ▲ 0.85% SUZB3 41.63 ▼ 0.62% RENT3 36.55 ▼ 2.51% AZZA3 17.48 ▼ 3.80% CSAN3 3.78 ▼ 1.05% RAIZ4 0.27 — 0.00% PCAR3 2.73 ▲ 5.00% GMAT3 3.83 ▼ 0.52% PSSA3 53.48 ▼ 1.33% CVCB3 1.12 ▲ 3.70% POSI3 3.68 ▼ 0.54% SLCE3 13.75 ▲ 1.33% NATU3 8.71 ▲ 0.93% BRKM5 5.71 ▼ 3.87% RANI3 7.89 ▼ 1.25% CSNA3 5.06 ▼ 0.20% CMIN3 5.58 ▲ 3.53% USIM5 8.46 ▲ 3.68% GGBR4 23.49 ▼ 0.55% ENEV3 25.42 ▼ 0.90% CPFE3 46.40 ▲ 0.17% CMIG4 11.02 — 0.00% EQTL3 38.83 ▼ 1.17% LREN3 13.27 ▼ 0.30% VIVT3 35.80 ▲ 0.36% RAIL3 13.24 ▼ 2.43% KLABIN 17.59 ▲ 0.63% RAIA DROGASIL 18.13 ▼ 3.00% RDOR3 33.92 ▼ 4.32% HAPV3 11.24 ▼ 2.68% FLRY3 16.55 ▼ 0.06% SMTO3 15.58 ▲ 1.10% UGPA3 31.82 ▲ 0.38% VBBR3 33.95 ▼ 0.47% BBSE3 41.55 ▲ 1.22% BPAC11 55.37 ▼ 0.84% CURY3 29.95 ▼ 0.79% AERI3 2.04 ▼ 1.45% VIVARA 21.41 ▼ 2.50% COMPASS 24.44 ▼ 0.65% VAMOS 3.09 — 0.00% SANB11 27.21 ▲ 0.74% ASAI3 8.25 ▲ 1.35% SBSP3 28.60 ▼ 1.31% WALMEX 49.12 ▼ 0.53% GMEXICO 208.97 ▲ 3.73% FEMSA 226.74 ▼ 0.05% CEMEX 22.07 ▲ 1.19% GFNORTE 187.07 ▲ 3.93% BIMBO 59.33 ▲ 0.03% TELEVISA 9.76 ▲ 0.51% AMX 22.75 ▲ 0.04% GAP 378.52 ▲ 0.09% ASUR 274.96 ▲ 0.22% OMA 226.26 ▼ 0.07% KOF 180.47 ▼ 0.27% GRUMA 283.40 ▼ 1.46% KIMBER 38.35 ▼ 0.10% SQM-B 64,540 ▼ 1.39% COPEC 6,450 ▲ 3.21% BSANTANDER 79.01 ▲ 2.61% FALABELLA 5,919 ▲ 1.44% ENELAM 84.53 ▲ 0.58% CENCOSUD 2,028 ▲ 1.65% CMPC 1,084 ▲ 1.30% BANCO CHILE 190.01 ▲ 0.80% LATAM AIR 24.20 ▼ 1.98% YPF 80,625 ▲ 1.80% GGAL 7,965 ▲ 1.53% PAMPA 5,475 ▲ 3.89% TXAR 679.00 ▲ 1.27% ALUAR 973.00 ▲ 1.41% TGS 9,710 ▲ 2.21% CEPU 2,340 ▲ 2.23% MIRGOR 16,775 ▼ 2.04% COME 42.87 ▼ 0.19% LOMA NEGRA 3,605 ▲ 0.91% BYMA 292.25 ▼ 0.51% TELECOM ARG 4,255 ▲ 2.65% ECOPETROL 16.53 ▲ 3.12% BANCOLOMBIA 83.64 ▲ 3.49% GRUPO AVAL 5.09 ▲ 2.83% CREDICORP 391.10 ▲ 1.10% SOUTHERN COPPER 188.01 ▲ 7.39% BUENAVENTURA 31.25 ▲ 3.96% MERCADOLIBRE 1,823 ▼ 0.53% NUBANK 14.39 ▲ 2.86% XP 16.85 ▲ 0.30% PAGSEGURO 9.58 ▲ 3.12% STONE 11.26 ▲ 1.21% GLOBANT 32.10 ▼ 0.59% TECNOGLASS 45.15 ▼ 2.08% GAP AIRPORT 217.68 ▲ 0.26% ASUR 274.96 ▲ 0.22% OMA AIRPORT 104.23 ▲ 0.21% AMX ADR 26.09 ▼ 0.04% FEMSA ADR 130.35 ▲ 0.26% CEMEX ADR 12.70 ▲ 1.68% PETROBRAS ADR 18.54 ▲ 1.92% VALE ADR 14.25 ▲ 1.06% ITAU ADR 8.40 ▲ 0.96% SANTANDER BR 5.40 ▲ 0.56% AMBEV ADR 3.11 ▲ 0.97% CSN 1.01 ▼ 0.50% GERDAU 4.64 ▼ 0.85% LATAM ADR 51.58 ▼ 0.31% BTC 66,516 ▲ 1.97% ETH 1,929 ▲ 1.31% SOL 78.10 ▲ 0.40% XRP 1.14 ▲ 2.80% BNB 573.69 ▲ 0.52% ADA 0.17 ▲ 2.13% DOGE 0.07 ▲ 1.68% AVAX 6.57 ▼ 0.09% LINK 8.65 ▲ 0.80% DOT 0.85 ▲ 2.40% LTC 46.84 ▼ 1.05% BCH 223.75 ▲ 1.75% TRX 0.33 ▲ 0.86% XLM 0.19 ▲ 1.95% HBAR 0.07 ▲ 4.31% NEAR 1.93 ▼ 2.15% ATOM 1.49 ▼ 0.60% AAVE 95.56 ▲ 6.44% SELIC 14.25% EGX 53,990 ▲ 1.63% USD/ZAR16.46▼ 0.40% USD/NGN 1,376 — 0.00% NIKKEI 66,232 ▲ 3.26% CSI300 4,739 ▲ 3.06% HSI 25,132 ▼ 0.04% NIFTY 24,188 ▼ 0.21% KOSPI 6,748 ▲ 3.56% JCI 6,340 ▲ 1.74% USD/JPY163.19▲ 0.42% USD/CNY6.77▼ 0.03% DAX 25,011 ▲ 0.66% CAC 8,363 ▲ 0.28% FTSE 10,586 ▲ 0.58% MIB 52,285 ▲ 0.81% IBEX 19,380 ▲ 0.90% STOXX 643.19 ▲ 0.56% EUR/USD1.14▼ 0.09% GBP/USD 1.3379 — 0.00% SPX 7,509 ▲ 0.89% DJI 52,225 ▲ 0.74% NDX 29,155 ▲ 1.93% RUT 2,987 ▲ 1.53% TSX 35,369 ▲ 1.17% VIX 17.05 ▼ 8.58% USD/CAD1.41▲ 0.25% US10Y 4.6280 ▲ 0.65% IBOV 173,325.65 ▼ 0.03% IPSA 10,954.04 ▲ 0.52% IPC MEX 66,125.27 ▼ 0.74% MERVAL 3,281,979 ▲ 1.81% COLCAP 2,301.34 ▲ 0.13% BVL PERÚ 56,620.35 — — USD/BRL 5.07 ▼ 0.59% USD/MXN 17.41 ▼ 0.05% USD/CLP 934.18 ▲ 0.02% USD/COP 3,213 ▼ 1.31% USD/PEN 3.39 ▲ 2.23% USD/ARS 1,478 ▼ 0.27% USD/UYU 40.11 ▲ 0.99% USD/PYG 6,045 ▲ 1.66% USD/BOB 10.80 ▲ 2.37% USD/DOP 58.02 ▼ 0.31% USD/CRC 446.12 ▲ 1.06% USD/GTQ 7.62 ▲ 2.20% USD/HNL 26.74 ▲ 1.49% USD/NIO 36.62 ▲ 0.72% USD/VES 735.39 ▲ 1.58% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.79 ▲ 0.55% USD/TTD 6.73 ▲ 1.02% EUR/BRL 5.78 ▼ 0.62% BRENT 91.78 ▲ 2.87% WTI 84.88 ▲ 1.98% IRON ORE 161.91 — — COPPER 6.53 ▲ 3.66% GOLD 4,086 ▲ 1.88% SILVER 59.17 ▲ 4.17% SOY 1,222 ▼ 0.31% CORN 475.25 ▲ 5.73% WHEAT 678.50 ▲ 0.67% COFFEE 322.80 ▼ 3.47% SUGAR 14.90 ▲ 0.54% ORANGE JUICE 142.30 ▼ 3.46% COTTON 80.03 ▲ 3.44% COCOA 5,606 ▲ 1.56% BEEF 223.05 ▼ 1.53% CATTLE 344.88 ▼ 2.02% LITHIUM 69.08 ▲ 3.23% PETR4 41.66 ▲ 1.24% VALE3 72.24 ▲ 0.43% ITUB4 42.53 ▲ 0.54% BBDC4 18.55 ▲ 0.76% ABEV3 15.80 ▲ 0.06% BBAS3 20.88 ▲ 3.52% B3SA3 15.17 ▼ 0.59% WEGE3 42.47 ▼ 1.53% PRIO3 58.18 ▲ 0.85% SUZB3 41.63 ▼ 0.62% RENT3 36.55 ▼ 2.51% AZZA3 17.48 ▼ 3.80% CSAN3 3.78 ▼ 1.05% RAIZ4 0.27 — 0.00% PCAR3 2.73 ▲ 5.00% GMAT3 3.83 ▼ 0.52% PSSA3 53.48 ▼ 1.33% CVCB3 1.12 ▲ 3.70% POSI3 3.68 ▼ 0.54% SLCE3 13.75 ▲ 1.33% NATU3 8.71 ▲ 0.93% BRKM5 5.71 ▼ 3.87% RANI3 7.89 ▼ 1.25% CSNA3 5.06 ▼ 0.20% CMIN3 5.58 ▲ 3.53% USIM5 8.46 ▲ 3.68% GGBR4 23.49 ▼ 0.55% ENEV3 25.42 ▼ 0.90% CPFE3 46.40 ▲ 0.17% CMIG4 11.02 — 0.00% EQTL3 38.83 ▼ 1.17% LREN3 13.27 ▼ 0.30% VIVT3 35.80 ▲ 0.36% RAIL3 13.24 ▼ 2.43% KLABIN 17.59 ▲ 0.63% RAIA DROGASIL 18.13 ▼ 3.00% RDOR3 33.92 ▼ 4.32% HAPV3 11.24 ▼ 2.68% FLRY3 16.55 ▼ 0.06% SMTO3 15.58 ▲ 1.10% UGPA3 31.82 ▲ 0.38% VBBR3 33.95 ▼ 0.47% BBSE3 41.55 ▲ 1.22% BPAC11 55.37 ▼ 0.84% CURY3 29.95 ▼ 0.79% AERI3 2.04 ▼ 1.45% VIVARA 21.41 ▼ 2.50% COMPASS 24.44 ▼ 0.65% VAMOS 3.09 — 0.00% SANB11 27.21 ▲ 0.74% ASAI3 8.25 ▲ 1.35% SBSP3 28.60 ▼ 1.31% WALMEX 49.12 ▼ 0.53% GMEXICO 208.97 ▲ 3.73% FEMSA 226.74 ▼ 0.05% CEMEX 22.07 ▲ 1.19% GFNORTE 187.07 ▲ 3.93% BIMBO 59.33 ▲ 0.03% TELEVISA 9.76 ▲ 0.51% AMX 22.75 ▲ 0.04% GAP 378.52 ▲ 0.09% ASUR 274.96 ▲ 0.22% OMA 226.26 ▼ 0.07% KOF 180.47 ▼ 0.27% GRUMA 283.40 ▼ 1.46% KIMBER 38.35 ▼ 0.10% SQM-B 64,540 ▼ 1.39% COPEC 6,450 ▲ 3.21% BSANTANDER 79.01 ▲ 2.61% FALABELLA 5,919 ▲ 1.44% ENELAM 84.53 ▲ 0.58% CENCOSUD 2,028 ▲ 1.65% CMPC 1,084 ▲ 1.30% BANCO CHILE 190.01 ▲ 0.80% LATAM AIR 24.20 ▼ 1.98% YPF 80,625 ▲ 1.80% GGAL 7,965 ▲ 1.53% PAMPA 5,475 ▲ 3.89% TXAR 679.00 ▲ 1.27% ALUAR 973.00 ▲ 1.41% TGS 9,710 ▲ 2.21% CEPU 2,340 ▲ 2.23% MIRGOR 16,775 ▼ 2.04% COME 42.87 ▼ 0.19% LOMA NEGRA 3,605 ▲ 0.91% BYMA 292.25 ▼ 0.51% TELECOM ARG 4,255 ▲ 2.65% ECOPETROL 16.53 ▲ 3.12% BANCOLOMBIA 83.64 ▲ 3.49% GRUPO AVAL 5.09 ▲ 2.83% CREDICORP 391.10 ▲ 1.10% SOUTHERN COPPER 188.01 ▲ 7.39% BUENAVENTURA 31.25 ▲ 3.96% MERCADOLIBRE 1,823 ▼ 0.53% NUBANK 14.39 ▲ 2.86% XP 16.85 ▲ 0.30% PAGSEGURO 9.58 ▲ 3.12% STONE 11.26 ▲ 1.21% GLOBANT 32.10 ▼ 0.59% TECNOGLASS 45.15 ▼ 2.08% GAP AIRPORT 217.68 ▲ 0.26% ASUR 274.96 ▲ 0.22% OMA AIRPORT 104.23 ▲ 0.21% AMX ADR 26.09 ▼ 0.04% FEMSA ADR 130.35 ▲ 0.26% CEMEX ADR 12.70 ▲ 1.68% PETROBRAS ADR 18.54 ▲ 1.92% VALE ADR 14.25 ▲ 1.06% ITAU ADR 8.40 ▲ 0.96% SANTANDER BR 5.40 ▲ 0.56% AMBEV ADR 3.11 ▲ 0.97% CSN 1.01 ▼ 0.50% GERDAU 4.64 ▼ 0.85% LATAM ADR 51.58 ▼ 0.31% BTC 66,516 ▲ 1.97% ETH 1,929 ▲ 1.31% SOL 78.10 ▲ 0.40% XRP 1.14 ▲ 2.80% BNB 573.69 ▲ 0.52% ADA 0.17 ▲ 2.13% DOGE 0.07 ▲ 1.68% AVAX 6.57 ▼ 0.09% LINK 8.65 ▲ 0.80% DOT 0.85 ▲ 2.40% LTC 46.84 ▼ 1.05% BCH 223.75 ▲ 1.75% TRX 0.33 ▲ 0.86% XLM 0.19 ▲ 1.95% HBAR 0.07 ▲ 4.31% NEAR 1.93 ▼ 2.15% ATOM 1.49 ▼ 0.60% AAVE 95.56 ▲ 6.44% SELIC 14.25% EGX 53,990 ▲ 1.63% USD/ZAR 16.46 ▲ 0.03% USD/NGN 1,376 — 0.00% NIKKEI 66,232 ▲ 3.26% CSI300 4,739 ▲ 3.06% HSI 25,132 ▼ 0.04% NIFTY 24,188 ▼ 0.21% KOSPI 6,748 ▲ 3.56% JCI 6,340 ▲ 1.74% USD/JPY 163.19 ▲ 0.03% USD/CNY 6.7651 ▲ 0.12% DAX 25,011 ▲ 0.66% CAC 8,363 ▲ 0.28% FTSE 10,586 ▲ 0.58% MIB 52,285 ▲ 0.81% IBEX 19,380 ▲ 0.90% STOXX 643.19 ▲ 0.56% EUR/USD 1.1405 ▲ 0.01% GBP/USD 1.3379 — 0.00% SPX 7,509 ▲ 0.89% DJI 52,225 ▲ 0.74% NDX 29,155 ▲ 1.93% RUT 2,987 ▲ 1.53% TSX 35,369 ▲ 1.17% VIX 17.05 ▼ 8.58% USD/CAD 1.4107 ▲ 0.01% US10Y 4.6280 ▲ 0.65%
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Brazilian Nuclear Ambitions?

By · October 20, 2009 · 3 min read

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By Jaylan Boyle, Contributing Reporter

Brazilian Vice President José Alencar, photo by Roosewelt Pinheiro/ABr.
Brazilian Vice President José Alencar, photo by Roosewelt Pinheiro/ABr.
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RIO DE JANEIRO – Incendiary remarks from Brazilian Vice President Josá Alencar last month regarding the country’s nuclear ambitions have provoked speculation that Latin America may soon cease to be the world’s largest nuclear-free region.

Although confirming that Brazil currently does not have plans to build atomic weapons, Alencar said that “we should advance on that”. He also remarked, “The nuclear weapon, used as an instrument of deterrence, is of great importance for a country which has 15,000 kilometers of border to the west and a territorial sea where oil reserves have been found.”

In the same speech, Alencar championed nuclear weapons as a means of empowering Brazil with more “dissuasiveness” and “respectability”, and seemed to suggest that other emerging nations such as Pakistan, viewed largely by the west as a potentially rogue state, had gained the world’s attention “precisely because it has a nuclear bomb.”

The government has however moved to distance itself from the Vice President’s comments. Adriano Silva, Alencar’s aid, called the remarks “personal opinions”, and pointed out that Brazil’s constitution prohibits the construction of nuclear weapons.

Defense Minister Nelson Jobim immediately joined the chorus of denial, reiterating that Alencar’s opinions are not the official position of the government. “It was a mistake on the Vice President’s part,” he said.

Alencar’s comments could be seen as mystifying and somewhat embarrassing in their timing, coming as they did on the same day that the U.N. Security Council passed a unanimous resolution aimed at ultimately eliminating nuclear weapons worldwide.

Alencar is not the first Brazilian official to express a desire to join the nuclear community. General José Benedito de Barros Moreira made similar comments in 2007.

Jobim and the government are making no secret of the country’s intention to pursue a program of nuclear development for peaceful purposes. The initiative will include a transfer of French technology in procuring a nuclear-powered submarine, as previously reported in The Gringo Times.

The submarine will be used to patrol Brazil’s considerable offshore wealth, and forms part of a military regeneration program initiated by the Lula government. Terrestrial nuclear power generation is also firmly in the government’s sights.

Venezuelan President Hugo Chavez, right, with Lula, and Bolivian President Evo Morales, photo by Rodrigues Pozzebom/ABr.
Venezuelan President Hugo Chavez, right, with Lula and Bolivian President Evo Morales, photo by Rodrigues Pozzebom/ABr.

Director of Florida International University’s Latin American and Caribbean Center, Cristina Eguizabal, has said that observers should take the Defense Minister at his word: “Brazil’s foreign policy project is one of becoming a respected regional power, but not an anti-systemic pariah,” she warned.

Commentators however have speculated that Alencar’s comments may reveal clues as to the thinking of factions within the government, who may have a nervous eye on regional developments to the west.

A recent nuclear accord between Venezuela and secretive Iran is being watched closely, with President Hugo Chavez openly admitting that the country is helping Iran explore uranium possibilities in Venezuela, but for “peaceful purposes only”.

The assertion caused skepticism in Columbia. “We are very worried, and I can’t refrain from saying so, that nuclear war be brought to our neighborhood,” said President Uribe recently.

Most analysts predict that Brazil will stick to the ‘straight and narrow’, but some are saying that if the cooperation between Venezuela and Iran continues to be shrouded in secrecy, as Iran’s domestic program currently is, Brazil may be forced to re-think its position.

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