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U.S. Officials Tout Venezuelan Critical Minerals as Analysts Urge Caution

Experts warn that scarce data, legal hurdles, security risks make quick extraction unlikely.

Overview

  • Commerce Secretary Howard Lutnick promoted Venezuela’s long-dormant mining potential, pointing to the Orinoco Mining Arc as a possible source of bauxite, coltan, industrial diamonds, and gold.
  • Trump administration officials signaled interest in Venezuelan critical minerals to trim reliance on China following the operation that removed Nicolás Maduro.
  • Independent analysts from CSIS and SAFE cautioned that sanctions exposure, weak rule of law, insecurity in mining regions, and a lack of enforceable contracts would deter Western investment.
  • The administration has moved to diversify critical-mineral supply chains through market and policy steps, including stakes in Lithium Americas and MP Materials, streamlined permitting, and new agreements with Asian partners.
  • Coverage notes limited reliable data on Venezuela’s reserves, outside estimates that any contribution would take years to materialize, and parallel rhetoric about other resource-rich locations such as Greenland.