COLCAP 2,301.24 ▲ 0.80% SELIC 14.25% USD/BRL5.12▼ 0.01% USD/MXN17.45▲ 0.11% USD/CLP932.73▲ 0.20% USD/COP3,202▼ 0.06% USD/PEN3.39▼ 0.32% USD/ARS1,499▲ 0.15% USD/UYU40.20▲ 1.42% USD/PYG6,020▲ 1.46% USD/BOB11.30▲ 3.36% USD/DOP57.82▲ 0.47% USD/CRC449.99▲ 1.60% USD/GTQ7.62▲ 2.22% USD/HNL26.76▲ 1.54% USD/NIO36.62▲ 0.31% USD/VES742.37▲ 0.14% EUR/BRL5.83▲ 0.16% PETR4 41.21 ▲ 0.49% VALE3 75.69 — 0.00% ITUB4 42.86 ▲ 0.40% BBDC4 18.77 ▲ 0.32% ABEV3 16.10 ▲ 1.51% BBAS3 20.83 ▲ 1.61% B3SA3 16.00 ▲ 1.78% WEGE3 46.70 ▲ 0.65% PRIO3 56.77 ▲ 1.90% SUZB3 43.10 ▲ 2.94% RENT3 38.37 ▲ 1.72% AZZA3 17.15 ▲ 0.23% CSAN3 4.00 ▲ 1.27% RAIZ4 0.27 ▲ 3.85% PCAR3 2.74 — 0.00% GMAT3 3.92 ▲ 2.35% PSSA3 54.91 ▲ 1.14% CVCB3 1.32 ▼ 2.94% POSI3 3.60 ▲ 2.27% SLCE3 13.16 ▼ 1.64% NATU3 8.34 ▼ 1.77% BRKM5 5.96 ▼ 1.97% RANI3 8.13 ▲ 2.52% CSNA3 5.64 ▼ 1.23% CMIN3 5.96 ▲ 2.76% USIM5 8.69 ▲ 0.93% GGBR4 25.14 ▲ 2.70% ENEV3 25.85 ▲ 1.49% CPFE3 45.96 ▲ 2.70% CMIG4 11.19 ▲ 0.18% EQTL3 38.83 ▲ 0.08% EMBRAER 88.86 ▲ 2.26% EMBRAER ADR 69.09 ▲ 1.62% JBS 13.93 ▲ 2.80% JBS BDR 70.57 ▲ 1.94% MBRF3 16.30 ▲ 2.58% MBRFY 3.15 ▲ 10.14% LREN3 13.90 ▲ 1.24% VIVT3 33.83 ▼ 6.31% RAIL3 14.08 ▲ 2.03% KLABIN 18.04 ▲ 2.04% RAIA DROGASIL 18.20 ▲ 0.17% RDOR3 34.32 ▲ 2.14% HAPV3 10.60 ▲ 4.02% FLRY3 17.06 ▲ 3.21% SMTO3 14.30 ▼ 2.52% UGPA3 32.45 ▲ 1.12% VBBR3 35.13 ▲ 1.83% BBSE3 41.21 ▲ 1.65% BPAC11 55.84 ▲ 0.52% CURY3 30.10 ▼ 0.95% AERI3 2.09 ▲ 1.95% PAGSEGURO 9.61 ▲ 2.45% VIVARA 22.61 ▲ 2.73% TECNOGLASS 47.22 ▲ 4.05% INTER 5.59 ▲ 0.54% COMPASS 25.22 ▼ 0.32% VAMOS 3.33 ▲ 5.05% SANB11 27.67 ▲ 1.13% ASAI3 8.24 ▲ 1.60% SBSP3 28.27 ▼ 2.08% WALMEX 48.74 ▲ 0.70% GMEXICO 209.28 ▼ 0.11% FEMSA 222.17 ▼ 3.83% CEMEX 20.99 ▼ 1.78% GFNORTE 199.12 ▲ 1.37% BIMBO 59.50 ▲ 0.66% TELEVISA 9.86 ▼ 0.20% AMX 22.48 ▲ 0.09% GAP 379.13 ▲ 0.93% ASUR 271.18 ▲ 0.97% OMA 235.27 ▲ 2.85% KOF 189.82 ▲ 0.07% GRUMA 268.00 ▼ 0.20% KIMBER 40.61 ▲ 1.78% SQM-B 62,500 ▼ 3.33% COPEC 6,300 ▲ 0.82% BSANTANDER 79.12 ▼ 2.04% FALABELLA 6,101 ▼ 0.88% ENELAM 85.80 ▼ 0.10% CENCOSUD 1,900 ▼ 0.78% CMPC 1,035 ▼ 0.43% BANCO CHILE 189.10 ▼ 2.15% LATAM AIR 25.00 ▲ 1.63% YPF 79,525 ▼ 2.09% GGAL 7,855 ▼ 1.32% PAMPA 5,450 ▼ 0.46% TXAR 674.00 — 0.00% ALUAR 988.00 ▲ 0.36% TGS 9,465 ▼ 2.52% CEPU 2,335 ▼ 2.01% MIRGOR 16,525 ▼ 1.78% COME 42.52 ▲ 0.14% LOMA NEGRA 3,650 ▼ 1.55% BYMA 302.75 — 0.00% TELECOM ARG 4,335 ▼ 3.45% ECOPETROL 15.83 ▲ 0.19% BANCOLOMBIA 89.07 ▲ 1.30% GRUPO AVAL 4.93 ▲ 2.28% CREDICORP 389.39 ▼ 0.41% SOUTHERN COPPER 178.96 ▼ 0.20% BUENAVENTURA 30.35 ▼ 4.32% MERCADOLIBRE 1,863 ▲ 2.35% NUBANK 14.68 ▲ 1.03% XP 16.80 ▲ 0.36% STONE 11.16 ▲ 2.48% GLOBANT 35.11 ▲ 7.57% GAP AIRPORT 217.50 ▲ 0.57% OMA AIRPORT 108.27 ▲ 3.31% AMX ADR 25.73 ▲ 0.10% FEMSA ADR 127.73 ▼ 3.34% CEMEX ADR 12.00 ▼ 1.64% PETROBRAS ADR 18.07 ▲ 0.39% VALE ADR 14.70 ▼ 0.54% ITAU ADR 8.31 ▼ 0.72% SANTANDER BR 5.48 ▲ 0.74% AMBEV ADR 3.13 ▲ 1.95% CSN 1.10 ▼ 1.79% GERDAU 4.93 ▲ 2.13% LATAM ADR 53.59 ▲ 2.44% BTC 64,629 ▲ 1.19% ETH 1,920 ▼ 0.00% SOL 74.02 ▲ 0.44% XRP 1.09 ▲ 1.80% BNB 572.51 ▲ 0.35% ADA 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DROGASIL 18.20 ▲ 0.17% RDOR3 34.32 ▲ 2.14% HAPV3 10.60 ▲ 4.02% FLRY3 17.06 ▲ 3.21% SMTO3 14.30 ▼ 2.52% UGPA3 32.45 ▲ 1.12% VBBR3 35.13 ▲ 1.83% BBSE3 41.21 ▲ 1.65% BPAC11 55.84 ▲ 0.52% CURY3 30.10 ▼ 0.95% AERI3 2.09 ▲ 1.95% PAGSEGURO 9.61 ▲ 2.45% VIVARA 22.61 ▲ 2.73% TECNOGLASS 47.22 ▲ 4.05% INTER 5.59 ▲ 0.54% COMPASS 25.22 ▼ 0.32% VAMOS 3.33 ▲ 5.05% SANB11 27.67 ▲ 1.13% ASAI3 8.24 ▲ 1.60% SBSP3 28.27 ▼ 2.08% WALMEX 48.74 ▲ 0.70% GMEXICO 209.28 ▼ 0.11% FEMSA 222.17 ▼ 3.83% CEMEX 20.99 ▼ 1.78% GFNORTE 199.12 ▲ 1.37% BIMBO 59.50 ▲ 0.66% TELEVISA 9.86 ▼ 0.20% AMX 22.48 ▲ 0.09% GAP 379.13 ▲ 0.93% ASUR 271.18 ▲ 0.97% OMA 235.27 ▲ 2.85% KOF 189.82 ▲ 0.07% GRUMA 268.00 ▼ 0.20% KIMBER 40.61 ▲ 1.78% SQM-B 62,500 ▼ 3.33% COPEC 6,300 ▲ 0.82% BSANTANDER 79.12 ▼ 2.04% FALABELLA 6,101 ▼ 0.88% ENELAM 85.80 ▼ 0.10% CENCOSUD 1,900 ▼ 0.78% CMPC 1,035 ▼ 0.43% BANCO CHILE 189.10 ▼ 2.15% LATAM AIR 25.00 ▲ 1.63% YPF 79,525 ▼ 2.09% GGAL 7,855 ▼ 1.32% PAMPA 5,450 ▼ 0.46% TXAR 674.00 — 0.00% ALUAR 988.00 ▲ 0.36% TGS 9,465 ▼ 2.52% CEPU 2,335 ▼ 2.01% MIRGOR 16,525 ▼ 1.78% COME 42.52 ▲ 0.14% LOMA NEGRA 3,650 ▼ 1.55% BYMA 302.75 — 0.00% TELECOM ARG 4,335 ▼ 3.45% ECOPETROL 15.83 ▲ 0.19% BANCOLOMBIA 89.07 ▲ 1.30% GRUPO AVAL 4.93 ▲ 2.28% CREDICORP 389.39 ▼ 0.41% SOUTHERN COPPER 178.96 ▼ 0.20% BUENAVENTURA 30.35 ▼ 4.32% MERCADOLIBRE 1,863 ▲ 2.35% NUBANK 14.68 ▲ 1.03% XP 16.80 ▲ 0.36% STONE 11.16 ▲ 2.48% GLOBANT 35.11 ▲ 7.57% GAP AIRPORT 217.50 ▲ 0.57% OMA AIRPORT 108.27 ▲ 3.31% AMX ADR 25.73 ▲ 0.10% FEMSA ADR 127.73 ▼ 3.34% CEMEX ADR 12.00 ▼ 1.64% PETROBRAS ADR 18.07 ▲ 0.39% VALE ADR 14.70 ▼ 0.54% ITAU ADR 8.31 ▼ 0.72% SANTANDER BR 5.48 ▲ 0.74% AMBEV ADR 3.13 ▲ 1.95% CSN 1.10 ▼ 1.79% GERDAU 4.93 ▲ 2.13% LATAM ADR 53.59 ▲ 2.44% BTC 64,629 ▲ 1.19% ETH 1,920 ▼ 0.00% SOL 74.02 ▲ 0.44% XRP 1.09 ▲ 1.80% BNB 572.51 ▲ 0.35% ADA 0.16 ▲ 1.55% DOGE 0.07 ▲ 0.15% AVAX 6.41 ▼ 2.35% LINK 8.45 ▲ 0.33% DOT 0.76 ▲ 0.41% LTC 45.43 ▼ 1.53% BCH 212.70 ▼ 0.63% TRX 0.33 ▲ 0.43% XLM 0.17 ▲ 0.35% HBAR 0.07 ▲ 0.52% NEAR 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since 2009
Wednesday, July 29, 2026

Brazil Politics and Society

Lula Alckmin 2026 Ticket Locked by Brazil’s PSB Party

By · July 29, 2026 · 5 min read

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Brazil · Politics

Key Facts

Event. The Brazilian Socialist Party (PSB) formalized Geraldo Alckmin’s vice-presidential candidacy at its national convention in Brasília on Wednesday.

Venue. The convention took place at the Centro de Convenções Brasil 21, part of the Meliá Brasil 21 complex in the capital.

Ticket. The Lula–Alckmin slate repeats the exact pairing that won the 2022 presidential election.

Alliance. President Lula attended the PSB convention to consolidate the PT–PSB alliance and seal the national coalition around his re‑election bid.

Timeline. Lula had already publicly confirmed in late March that Alckmin would leave the Ministry of Development, Industry, Trade and Services to run for vice president again.

*A former rival turned indispensable governing partner, Geraldo Alckmin is now officially locked in as President Luiz Inácio Lula da Silva’s running mate, cementing a pragmatic coalition that stretches from the left to the center ahead of a high-stakes re‑election campaign.*

PSB Locks Alckmin as Lula’s 2026 Running Mate
The Planalto Palace in Brasilia. (Photo internet reproduction)
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From opponent to indispensable ally

For an international readership, Geraldo Alckmin is best understood as the center-right technocrat who once fought Lula for the presidency and now serves as his constitutional understudy. A physician by training, Alckmin was a founding member of the Brazilian Social Democracy Party (PSDB) and governed São Paulo, Brazil’s most populous and wealthiest state, for more than a decade.

He faced Lula in the 2006 presidential runoff, losing by a wide margin, and ran again in 2018, finishing fourth in a fragmented field. His move to the center-left PSB in 2022 and acceptance of the vice-presidential slot on Lula’s ticket stunned the political establishment, transforming a former adversary into the anchor of a broad anti-incumbency front that defeated Jair Bolsonaro.

Why the PSB convention matters

Under Brazilian electoral law, parties must hold national conventions to formally nominate candidates and ratify coalitions. The PSB’s gathering in Brasília was the institutional step that converts a political understanding into a legally binding ticket.

By showing up in person, Lula signaled that the alliance with the PSB is not a marriage of convenience but a strategic pillar of his re‑election architecture. The convention also locked in support from other allied forces, including the Democratic Labour Party (PDT), which had already approved backing for the Lula–Alckmin ticket at its own convention.

A coalition that stretches from left to center

The Lula–Alckmin formula is designed to reassure voters, investors and foreign governments that a second Lula administration will not drift toward radicalism. Alckmin’s presence on the ticket provides a market-friendly counterweight, signaling fiscal moderation and institutional stability.

During the current term, Alckmin has served as Minister of Development, Industry, Trade and Services, a portfolio that put him in constant dialogue with the private sector. His formal nomination preserves that bridge to business elites while keeping the governing coalition’s left flank anchored by the Workers’ Party (PT) and its traditional allies.

What changes for the campaign

With the ticket now official, the campaign enters a new phase where coalition management becomes as important as messaging to voters. The PSB used the convention to press for a role in drafting the government program, signaling that Alckmin’s party wants policy influence, not just a ceremonial spot on the ballot.

The re‑election bid will test whether the 2022 anti-Bolsonaro front can hold together in a different political climate, with Lula’s approval ratings under scrutiny and a fragmented opposition searching for a unifying candidate. Alckmin’s ability to campaign in environments where Lula faces resistance—among urban professionals, moderate evangelicals and the São Paulo business community—will be critical.

The broader picture for foreign observers

For diplomats and investors tracking Latin America’s largest democracy, the Lula–Alckmin ticket represents continuity with the heterodox coalition that returned Brazil to a more predictable foreign policy and a more active state role in the economy. The alliance also signals that the center-left PSB sees its future inside Lula’s orbit rather than as an independent force.

As the convention window opens across Brazil, the formalization of the ticket sets the stage for a campaign in which the incumbent’s main challenge may be less about the opposition and more about managing the internal tensions of a broad, ideologically diverse coalition.

Frequently Asked Questions

Who is Geraldo Alckmin?
Geraldo Alckmin is a Brazilian politician and physician who governed São Paulo state for over a decade. He was a founding member of the center-right PSDB, ran against Lula in the 2006 presidential election, and later joined the center-left PSB to become Lula’s vice president after the 2022 victory.

Why is a former opponent running with Lula?
The alliance was forged in 2022 to build a broad democratic front against then-President Jair Bolsonaro. Alckmin brought credibility with centrist voters and the business community, while Lula delivered the left’s electoral base, creating a ticket that could win and govern with a wider mandate.

What does the PSB convention formalize?
Brazilian electoral law requires parties to hold conventions to officially nominate candidates. The PSB convention in Brasília legally ratified Alckmin as the vice-presidential candidate on Lula’s 2026 re‑election ticket and cemented the PT–PSB coalition.

What role does Alckmin play in the current government?
Alckmin has served as Minister of Development, Industry, Trade and Services during Lula’s current term. He is expected to leave the ministry to campaign full-time as the vice-presidential candidate for the 2026 election.

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