IBOV 182,991.13 ▼ 0.26% IPSA 11,137.59 ▼ 1.06% IPC MEX 64,737.82 ▼ 0.39% MERVAL 2,798,925 ▼ 3.28% COLCAP 2,579.33 ▼ 0.21% BVL PERÚ 60,698.35 ▼ 0.79% USD/BRL5.22▲ 0.80% USD/MXN17.98▲ 1.67% USD/CLP965.70▲ 0.43% USD/COP3,363▲ 2.28% USD/PEN3.44▲ 1.32% USD/ARS1,525▼ 0.02% USD/UYU40.39▲ 0.44% USD/PYG5,843▼ 0.46% USD/BOB11.98▼ 1.56% USD/DOP59.28▼ 0.02% USD/CRC450.38▼ 0.11% USD/GTQ7.63▼ 0.07% USD/HNL26.86▲ 0.03% USD/NIO36.62— 0.00% USD/VES855.74▼ 0.02% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.72▼ 0.73% EUR/BRL5.93▲ 0.48% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 182,991.13 ▼ 0.26% IPSA 11,137.59 ▼ 1.06% IPC MEX 64,737.82 ▼ 0.39% MERVAL 2,798,925 ▼ 3.28% COLCAP 2,579.33 ▼ 0.21% BVL PERÚ 60,698.35 ▼ 0.79% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
since 2009
Tuesday, September 29, 2026

Brazil DR Congo

Ford’s Sino-Brazilian partnership ‘threatens US national security

By · May 4, 2023 · 2 min read

The LatAm Brief

One email, every weekday morning. What moved in Latin American markets, politics and expat life.

Yesterday’s subject line: “Brazil votes Sunday. The courts are deciding.”

Free. We send a confirmation link first — nothing arrives until you click it. Unsubscribe with one click in any edition. If you stop opening us for 30 days we stop sending by ourselves, as we assume the interest is no longer there. See our privacy policy. We never share your email.

US Senator Marco Rubio has demanded an investigation into a partnership launched by carmaker Ford with a Chinese company and Brazilian mining company Vale, claiming it could “threaten the national security” of the US.

Ford announced on March 30 a deal with Zhejiang Huayou Cobalt and Vale’s Indonesian subsidiary to produce nickel in Indonesia, which would be used to make batteries for electric cars.

According to a statement released by Ford, Huayou senior vice president George Fang said it was “one of the key projects of One Belt, One Road,” the international infrastructure initiative launched by the Chinese government.

Free daily brief — no card needed
Get every Brazil story in one morning email
We build you a personalized brief around the topics you follow — free for 7 days. Love it? Your first month after that is US$1.
Ford does not have a majority stake in the project
One-stop reference
Company Intelligence
Every listed company in Latin America — financials, ownership and structure for 1,450+ companies across 26 exchanges, in one place.
Browse the directory →
RT
Ask Rio Times
17 years of Latin America reporting, on demand.
Open the full Ask Rio Times →

Republican Marco Rubio stressed that Ford does not have a majority stake in the project, “leaving the company at the mercy of the Chinese Communist Party.”

This is because it is written into Chinese law that any company must collaborate with the Beijing authorities on national security, added the former candidate for the Republican presidential nomination.

Rubio also recalled that in 2016, the human rights organization Amnesty International accused a subsidiary of Zhejiang Huayou Cobalt of using child and forced labor in mines in the Democratic Republic of Congo.

The senator called on the federal agency in charge of customs to launch an investigation and “immediately impose a ban” on importing goods whose production involved forced labor.

As vice chairman of the US Senate Intelligence Committee, Rubio asked the Federal Trade Commission in July to investigate whether Chinese authorities are accessing US users’ data through the TikTok app.

The senator was also one of the authors of a law passed in 2021 that bans the import of a series of products manufactured in the province of Xinjiang, in northwestern China, as part of the fight against forced labor of the Uighur Muslim minority.

With information from Lusa

Read More from The Rio Times

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map →

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.