IBOV 176,278 ▲ 2.05% IPSA 10,989 ▼ 0.33% IPC MEX 66,693 ▲ 0.89% MERVAL 3,223,645 ▲ 0.66% COLCAP 2,290.94 ▼ 0.08% BVL PERÚ 56,194.27 ▲ 1.13% USD/BRL5.10▼ 0.26% USD/MXN17.50▼ 0.30% USD/CLP924.65▼ 0.33% USD/COP3,235▼ 3.22% USD/PEN3.39▼ 0.31% USD/ARS1,487▼ 0.03% USD/UYU40.22▲ 1.20% USD/PYG6,055▲ 1.53% USD/BOB10.14▲ 4.01% USD/DOP58.48▼ 0.12% USD/CRC448.82▲ 1.40% USD/GTQ7.63▲ 2.28% USD/HNL26.72▲ 1.50% USD/NIO36.62▲ 0.26% USD/VES707.92▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD158.09▲ 0.81% USD/TTD6.75▲ 1.32% EUR/BRL5.83▼ 1.03% BRENT 75.88 ▼ 0.55% WTI 71.36 ▼ 1.00% IRON ORE 161.91 — — COPPER 6.27 ▲ 0.83% GOLD 4,107 ▼ 0.57% SILVER 59.95 ▼ 0.71% SOY 1,188 ▲ 0.66% CORN 456.00 ▲ 6.60% WHEAT 645.75 ▲ 5.64% COFFEE 330.55 ▼ 7.40% SUGAR 14.82 ▼ 1.98% ORANGE JUICE 145.75 ▼ 2.77% COTTON 80.08 ▲ 5.15% COCOA 6,115 ▼ 3.07% BEEF 229.33 ▼ 2.52% CATTLE 352.15 ▼ 1.12% LITHIUM 72.16 ▼ 0.91% PETR4 39.57 ▲ 0.92% VALE3 74.07 ▲ 1.26% ITUB4 43.74 ▲ 2.70% BBDC4 18.54 ▲ 3.00% ABEV3 15.82 ▲ 0.64% BBAS3 20.37 ▲ 1.85% B3SA3 15.37 ▲ 3.92% WEGE3 46.42 ▲ 1.49% PRIO3 55.51 ▼ 0.18% SUZB3 41.61 ▲ 1.41% RENT3 40.53 ▲ 2.87% AZZA3 18.94 ▲ 2.60% CSAN3 3.98 ▲ 3.11% RAIZ4 0.37 — 0.00% PCAR3 2.78 ▲ 0.72% GMAT3 4.00 ▲ 1.78% PSSA3 54.13 ▲ 1.46% CVCB3 1.27 ▲ 1.60% POSI3 3.96 ▲ 2.86% SLCE3 13.86 ▲ 0.51% NATU3 8.57 ▲ 1.30% BRKM5 6.42 ▲ 0.94% RANI3 7.98 ▲ 1.53% CSNA3 5.08 ▲ 5.83% CMIN3 5.08 ▲ 5.18% USIM5 8.40 ▲ 0.60% GGBR4 23.01 ▲ 2.36% ENEV3 26.84 ▲ 2.44% CPFE3 47.20 ▲ 1.97% CMIG4 11.29 ▲ 1.90% EQTL3 40.50 ▲ 2.51% LREN3 14.68 ▲ 3.75% VIVT3 35.44 ▲ 2.72% RAIL3 13.89 ▲ 1.02% KLABIN 17.52 ▲ 0.69% RAIA DROGASIL 18.60 ▲ 2.59% RDOR3 36.05 ▲ 2.56% HAPV3 10.44 ▲ 3.67% FLRY3 16.28 ▲ 3.37% SMTO3 15.97 ▼ 0.50% UGPA3 30.56 ▲ 1.53% VBBR3 32.69 ▲ 1.84% BBSE3 39.84 ▲ 1.43% BPAC11 57.05 ▲ 2.46% CURY3 33.87 ▲ 3.58% AERI3 2.08 ▲ 0.97% VIVARA 22.90 ▲ 1.42% COMPASS 25.01 ▲ 1.34% VAMOS 3.01 ▲ 1.69% SANB11 27.17 ▲ 3.50% ASAI3 8.78 ▲ 3.78% SBSP3 30.97 ▲ 3.23% WALMEX 49.35 ▲ 0.67% GMEXICO 196.45 ▲ 0.57% FEMSA 224.49 ▲ 0.95% CEMEX 22.16 ▲ 2.07% GFNORTE 188.43 ▲ 1.66% BIMBO 56.21 ▲ 0.50% TELEVISA 9.63 ▲ 1.48% AMX 23.05 ▲ 1.81% GAP 412.20 ▼ 0.37% ASUR 283.43 ▼ 0.06% OMA 237.37 ▼ 0.26% KOF 183.59 ▲ 1.49% GRUMA 285.28 ▲ 1.06% KIMBER 38.34 ▼ 0.26% SQM-B 67,792 ▼ 1.89% COPEC 6,005 ▼ 0.25% BSANTANDER 78.18 ▲ 0.88% FALABELLA 5,861 ▲ 0.17% ENELAM 84.70 ▲ 0.64% CENCOSUD 2,060 ▲ 0.17% CMPC 1,120 ▲ 2.33% BANCO CHILE 188.74 ▲ 0.93% LATAM AIR 26.28 ▼ 0.45% YPF 74,100 ▼ 2.21% GGAL 8,110 ▲ 2.92% PAMPA 5,145 ▼ 1.15% TXAR 662.00 ▼ 0.38% ALUAR 973.50 ▲ 0.52% TGS 9,530 ▲ 2.36% CEPU 2,314 ▼ 0.04% MIRGOR 17,050 ▼ 0.87% COME 45.30 ▼ 0.26% LOMA NEGRA 3,498 — 0.00% BYMA 309.25 ▼ 0.16% TELECOM ARG 4,130 ▲ 0.24% ECOPETROL 15.39 ▼ 0.03% BANCOLOMBIA 82.78 ▲ 2.29% GRUPO AVAL 5.08 ▲ 1.20% CREDICORP 399.50 ▲ 1.93% SOUTHERN COPPER 174.99 ▲ 0.32% BUENAVENTURA 30.04 ▲ 1.64% MERCADOLIBRE 1,857 ▲ 2.73% NUBANK 13.92 ▲ 1.83% XP 16.94 ▲ 3.20% PAGSEGURO 9.29 ▲ 3.22% STONE 11.16 ▲ 1.78% GLOBANT 30.47 ▼ 2.62% TECNOGLASS 44.12 ▲ 2.27% GAP AIRPORT 235.59 ▲ 0.48% ASUR 283.43 ▼ 0.06% OMA AIRPORT 108.63 ▲ 0.28% AMX ADR 26.24 ▲ 1.55% FEMSA ADR 127.99 ▲ 0.78% CEMEX ADR 12.65 ▲ 2.22% PETROBRAS ADR 17.18 ▲ 0.85% VALE ADR 14.43 ▲ 1.44% ITAU ADR 8.55 ▲ 3.26% SANTANDER BR 5.37 ▲ 4.38% AMBEV ADR 3.08 ▲ 1.15% CSN 1.00 ▲ 4.70% GERDAU 4.52 ▲ 2.49% LATAM ADR 56.82 ▼ 0.39% BTC 64,095 ▲ 1.43% ETH 1,793 ▲ 2.76% SOL 78.14 ▲ 0.12% XRP 1.10 ▲ 0.88% BNB 573.42 ▲ 0.87% ADA 0.17 ▼ 0.31% DOGE 0.07 ▲ 1.46% AVAX 6.72 ▲ 0.56% LINK 7.93 ▲ 2.54% DOT 0.87 ▲ 5.93% LTC 44.59 ▲ 1.88% BCH 249.76 ▲ 5.04% TRX 0.33 ▼ 0.41% XLM 0.19 ▲ 1.30% HBAR 0.07 ▲ 0.27% NEAR 1.89 ▼ 1.33% ATOM 1.58 ▲ 1.82% AAVE 95.30 ▲ 4.43% SELIC 14.25% EMBRAER 84.85 ▲ 1.18% EMBRAER ADR 66.42 ▲ 1.34% JBS 11.91 ▲ 1.49% JBS BDR 60.72 ▲ 1.12% MBRF3 15.80 ▲ 2.53% MBRFY 3.03 ▲ 1.00% INTER 5.85 ▲ 2.36% EGX 52,312 ▲ 0.54% USD/ZAR16.29▼ 0.20% USD/NGN1,376▼ 0.12% NIKKEI 68,558 ▲ 1.20% CSI300 4,781 ▼ 1.96% HSI 24,175 ▲ 0.60% NIFTY 24,207 ▲ 1.02% KOSPI 7,476 ▲ 2.52% JCI 5,924 ▲ 0.20% USD/JPY161.54▼ 0.52% USD/CNY6.76▼ 0.42% DAX 25,036 ▼ 0.33% CAC 8,313 ▼ 0.17% FTSE 10,490 ▲ 0.16% MIB 52,553 ▲ 0.33% IBEX 19,380 ▲ 0.30% STOXX 640.39 ▼ 0.07% EUR/USD1.14▲ 0.05% GBP/USD1.34▲ 0.17% SPX 7,560 ▲ 0.21% DJI 52,631 ▲ 0.27% NDX 29,769 ▲ 0.14% RUT 2,970 ▼ 0.77% TSX 35,235 ▲ 0.10% VIX 15.57 ▼ 1.70% USD/CAD1.41▼ 0.22% US10Y 4.5550 ▲ 0.35% IBOV 176,278 ▲ 2.05% IPSA 10,989 ▼ 0.33% IPC MEX 66,693 ▲ 0.89% MERVAL 3,223,645 ▲ 0.66% COLCAP 2,290.94 ▼ 0.08% BVL PERÚ 56,194.27 ▲ 1.13% USD/BRL 5.10 ▼ 0.26% USD/MXN 17.50 ▼ 0.30% USD/CLP 924.65 ▼ 0.33% USD/COP 3,235 ▼ 3.22% USD/PEN 3.39 ▼ 0.31% USD/ARS 1,487 ▼ 0.03% USD/UYU 40.22 ▲ 1.20% USD/PYG 6,055 ▲ 1.53% USD/BOB 10.14 ▲ 4.01% USD/DOP 58.48 ▼ 0.12% USD/CRC 448.82 ▲ 1.40% USD/GTQ 7.63 ▲ 2.28% USD/HNL 26.72 ▲ 1.50% USD/NIO 36.62 ▲ 0.26% USD/VES 707.92 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 158.09 ▲ 0.81% USD/TTD 6.75 ▲ 1.32% EUR/BRL 5.83 ▼ 1.00% BRENT 75.88 ▼ 0.55% WTI 71.36 ▼ 1.00% IRON ORE 161.91 — — COPPER 6.27 ▲ 0.83% GOLD 4,107 ▼ 0.57% SILVER 59.95 ▼ 0.71% SOY 1,188 ▲ 0.66% CORN 456.00 ▲ 6.60% WHEAT 645.75 ▲ 5.64% COFFEE 330.55 ▼ 7.40% SUGAR 14.82 ▼ 1.98% ORANGE JUICE 145.75 ▼ 2.77% COTTON 80.08 ▲ 5.15% COCOA 6,115 ▼ 3.07% BEEF 229.33 ▼ 2.52% CATTLE 352.15 ▼ 1.12% LITHIUM 72.16 ▼ 0.91% PETR4 39.57 ▲ 0.92% VALE3 74.07 ▲ 1.26% ITUB4 43.74 ▲ 2.70% BBDC4 18.54 ▲ 3.00% ABEV3 15.82 ▲ 0.64% BBAS3 20.37 ▲ 1.85% B3SA3 15.37 ▲ 3.92% WEGE3 46.42 ▲ 1.49% PRIO3 55.51 ▼ 0.18% SUZB3 41.61 ▲ 1.41% RENT3 40.53 ▲ 2.87% AZZA3 18.94 ▲ 2.60% CSAN3 3.98 ▲ 3.11% RAIZ4 0.37 — 0.00% PCAR3 2.78 ▲ 0.72% GMAT3 4.00 ▲ 1.78% PSSA3 54.13 ▲ 1.46% CVCB3 1.27 ▲ 1.60% POSI3 3.96 ▲ 2.86% SLCE3 13.86 ▲ 0.51% NATU3 8.57 ▲ 1.30% BRKM5 6.42 ▲ 0.94% RANI3 7.98 ▲ 1.53% CSNA3 5.08 ▲ 5.83% CMIN3 5.08 ▲ 5.18% USIM5 8.40 ▲ 0.60% GGBR4 23.01 ▲ 2.36% ENEV3 26.84 ▲ 2.44% CPFE3 47.20 ▲ 1.97% CMIG4 11.29 ▲ 1.90% EQTL3 40.50 ▲ 2.51% LREN3 14.68 ▲ 3.75% VIVT3 35.44 ▲ 2.72% RAIL3 13.89 ▲ 1.02% KLABIN 17.52 ▲ 0.69% RAIA DROGASIL 18.60 ▲ 2.59% RDOR3 36.05 ▲ 2.56% HAPV3 10.44 ▲ 3.67% FLRY3 16.28 ▲ 3.37% SMTO3 15.97 ▼ 0.50% UGPA3 30.56 ▲ 1.53% VBBR3 32.69 ▲ 1.84% BBSE3 39.84 ▲ 1.43% BPAC11 57.05 ▲ 2.46% CURY3 33.87 ▲ 3.58% AERI3 2.08 ▲ 0.97% VIVARA 22.90 ▲ 1.42% COMPASS 25.01 ▲ 1.34% VAMOS 3.01 ▲ 1.69% SANB11 27.17 ▲ 3.50% ASAI3 8.78 ▲ 3.78% SBSP3 30.97 ▲ 3.23% WALMEX 49.35 ▲ 0.67% GMEXICO 196.45 ▲ 0.57% FEMSA 224.49 ▲ 0.95% CEMEX 22.16 ▲ 2.07% GFNORTE 188.43 ▲ 1.66% BIMBO 56.21 ▲ 0.50% TELEVISA 9.63 ▲ 1.48% AMX 23.05 ▲ 1.81% GAP 412.20 ▼ 0.37% ASUR 283.43 ▼ 0.06% OMA 237.37 ▼ 0.26% KOF 183.59 ▲ 1.49% GRUMA 285.28 ▲ 1.06% KIMBER 38.34 ▼ 0.26% SQM-B 67,792 ▼ 1.89% COPEC 6,005 ▼ 0.25% BSANTANDER 78.18 ▲ 0.88% FALABELLA 5,861 ▲ 0.17% ENELAM 84.70 ▲ 0.64% CENCOSUD 2,060 ▲ 0.17% CMPC 1,120 ▲ 2.33% BANCO CHILE 188.74 ▲ 0.93% LATAM AIR 26.28 ▼ 0.45% YPF 74,100 ▼ 2.21% GGAL 8,110 ▲ 2.92% PAMPA 5,145 ▼ 1.15% TXAR 662.00 ▼ 0.38% ALUAR 973.50 ▲ 0.52% TGS 9,530 ▲ 2.36% CEPU 2,314 ▼ 0.04% MIRGOR 17,050 ▼ 0.87% COME 45.30 ▼ 0.26% LOMA NEGRA 3,498 — 0.00% BYMA 309.25 ▼ 0.16% TELECOM ARG 4,130 ▲ 0.24% ECOPETROL 15.39 ▼ 0.03% BANCOLOMBIA 82.78 ▲ 2.29% GRUPO AVAL 5.08 ▲ 1.20% CREDICORP 399.50 ▲ 1.93% SOUTHERN COPPER 174.99 ▲ 0.32% BUENAVENTURA 30.04 ▲ 1.64% MERCADOLIBRE 1,857 ▲ 2.73% NUBANK 13.92 ▲ 1.83% XP 16.94 ▲ 3.20% PAGSEGURO 9.29 ▲ 3.22% STONE 11.16 ▲ 1.78% GLOBANT 30.47 ▼ 2.62% TECNOGLASS 44.12 ▲ 2.27% GAP AIRPORT 235.59 ▲ 0.48% ASUR 283.43 ▼ 0.06% OMA AIRPORT 108.63 ▲ 0.28% AMX ADR 26.24 ▲ 1.55% FEMSA ADR 127.99 ▲ 0.78% CEMEX ADR 12.65 ▲ 2.22% PETROBRAS ADR 17.18 ▲ 0.85% VALE ADR 14.43 ▲ 1.44% ITAU ADR 8.55 ▲ 3.26% SANTANDER BR 5.37 ▲ 4.38% AMBEV ADR 3.08 ▲ 1.15% CSN 1.00 ▲ 4.70% GERDAU 4.52 ▲ 2.49% LATAM ADR 56.82 ▼ 0.39% BTC 64,095 ▲ 1.43% ETH 1,793 ▲ 2.76% SOL 78.14 ▲ 0.12% XRP 1.10 ▲ 0.88% BNB 573.42 ▲ 0.87% ADA 0.17 ▼ 0.31% DOGE 0.07 ▲ 1.46% AVAX 6.72 ▲ 0.56% LINK 7.93 ▲ 2.54% DOT 0.87 ▲ 5.93% LTC 44.59 ▲ 1.88% BCH 249.76 ▲ 5.04% TRX 0.33 ▼ 0.41% XLM 0.19 ▲ 1.30% HBAR 0.07 ▲ 0.27% NEAR 1.89 ▼ 1.33% ATOM 1.58 ▲ 1.82% AAVE 95.30 ▲ 4.43% SELIC 14.25% EMBRAER 84.85 ▲ 1.18% EMBRAER ADR 66.42 ▲ 1.34% JBS 11.91 ▲ 1.49% JBS BDR 60.72 ▲ 1.12% MBRF3 15.80 ▲ 2.53% MBRFY 3.03 ▲ 1.00% INTER 5.85 ▲ 2.36% EGX 52,312 ▲ 0.54% USD/ZAR 16.30 ▼ 0.06% USD/NGN 1,376 ▲ 0.08% NIKKEI 68,558 ▲ 1.20% CSI300 4,781 ▼ 1.96% HSI 24,175 ▲ 0.60% NIFTY 24,207 ▲ 1.02% KOSPI 7,476 ▲ 2.52% JCI 5,924 ▲ 0.20% USD/JPY 161.51 ▼ 0.52% USD/CNY 6.7645 ▼ 0.40% DAX 25,036 ▼ 0.33% CAC 8,313 ▼ 0.17% FTSE 10,490 ▲ 0.16% MIB 52,553 ▲ 0.33% IBEX 19,380 ▲ 0.30% STOXX 640.39 ▼ 0.07% EUR/USD 1.1435 ▲ 0.01% GBP/USD 1.3418 ▲ 0.10% SPX 7,560 ▲ 0.21% DJI 52,631 ▲ 0.27% NDX 29,769 ▲ 0.14% RUT 2,970 ▼ 0.77% TSX 35,235 ▲ 0.10% VIX 15.57 ▼ 1.70% USD/CAD 1.4139 ▼ 0.19% US10Y 4.5550 ▲ 0.35%
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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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