Lucas Camargo

🇧🇷

Market Analyst

Based in São Paulo, Brazil, Lucas holds a background in International Relations and Marketing and has been investing in Brazilian and global markets since 2018. His professional experience across the tech, healthcare, energy and utilities sectors gives him a multidisciplinary edge in market analysis with a sharp focus on Brazilian politics and the country's growing role in the global economy. At BrazilianFinance, he covers investments, economic trends, and political developments to help international investors navigate and understand the Brazilian market.

B3 stock exchangeCommodities market in BrazilInnovation in BrazilBrazilian politicsForeign investment in BrazilInternational RelationsGeopoliticsLucas de Oliveira Augusto Camargo

lucascamargo@brazilianfinance.com Linkedin

84 publications

NewsTechnologyAug 31, 2026

Brazilian Startup Primero Raises $12 Million to Integrate AI Into Latin America’s Large Corporations

Seed round co-led by Kaszek and General Catalyst will support the startup’s expansion as it helps major companies connect fragmented systems and deploy AI across their operations.

NewsTechnologyAug 31, 2026

Nine in Ten CFOs Say They Face Pressure to Prove ROI on AI Investments

Avalara survey of more than 1,500 finance leaders finds AI adoption accelerating faster than governance, internal controls and expertise.

How-toBanking & FinanceAug 30, 2026

How to Open a Banco Rendimento Non-Resident Bank Account (2026 Guide)

Learn how to open a Banco Rendimento non-resident account (CNR) in Brazil. Step-by-step guide to fees, documents, PIX access, and digital banking for foreigners.

GuideBanking & FinanceAug 30, 2026

How to Open a Non-Resident Bank Account in Brazil (2026 Guide)

Learn who can open a non-resident bank account in Brazil, what documents and CPF requirements apply, how CNR accounts work, and how they compare with traditional banks and international digital accounts.

NewsCommoditiesAug 28, 2026

Brazilian Rare Earths Announces New High-Grade Discovery in Bahia

Drilling in Bahia identifies high-grade rare earth deposits, including intersections reaching 35.3% TREO at depth, highlighting the scale of Brazilian Rare Earth’s Monte Alto Project.

NewsInnovationAug 27, 2026

GWM Completes Latin America’s First Hydrogen Fuel Cell Truck Cargo Transport in Brazil

The operation, carried out in partnership with São Paulo’s Institute for Technological Research, marks the first real-world demonstration of a hydrogen-powered heavy-duty truck in Brazil.

ArticleCommoditiesAug 27, 2026

U.S. Government Backs $1.55 Billion Plan to Secure Serra Verde Rare Earth Supply

The U.S. Department of War is providing $750 million to a special purpose vehicle that will purchase 100% of Phase 1 production from Brazil’s Pela Ema mine under a 15-year offtake agreement.

ArticleEconomyAug 26, 2026

Small and Mid-Sized Companies Gain Relevance in Brazil’s M&A Market

As global M&A activity regains momentum, Brazilian small and mid-sized companies are increasingly investing in governance, management and organizational structure to build value and attract investors.

NewsCommoditiesAug 22, 2026

Petrobras Eyes Offshore Blocks in Ghana

Brazil's state-owned oil company enters negotiations for four exploration blocks in Ghana's Keta Basin as it expands its exploration portfolio in West Africa

ArticleEnergyAug 21, 2026

Brazil’s Offshore Wind Potential Could Generate 516,000 Jobs and US$180 Billion in GDP

Brazil has more than 1,200 GW of technical offshore wind potential, but regulation, infrastructure, and energy demand remain major challenges for developing the sector.

NewsTradeAug 20, 2026

Danish Exporter MSI Reports 8% Tariff Saving Under EU-Mercosur Agreement

Danish company MSI reports tariff savings of up to 8%, highlighting the potential benefits of the EU-Mercosur trade agreement for European exporters.

ArticleCommoditiesAug 19, 2026

Vale Is Considering Investing in Lithium and Rare Earth Mining

Vale is studying an expansion into lithium and rare earth minerals as it looks to diversify its mining portfolio

NewsInvestmentAug 19, 2026

J&F Plans Natural Gas Terminal and Power Plant Complex at Suape Port

Batista's Brothers Âmbar Energia plans an integrated LNG import, regasification and power generation complex in Pernambuco

NewsStock MarketAug 15, 2026

Amapá Minerals Raises CA$140 Million in Canadian IPO (TSX: AMAP)

Amapá Minerals raises CA$140 million in its TSX debut to advance the Amapá Gold Project and expand exploration and mining operations in northern Brazil.

NewsEnergyAug 15, 2026

Petrobras Reports Hydrocarbon Discovery in the Amazon River mouth

Petrobras (NYSE: PBR) has identified the presence of hydrocarbons in an exploratory well off the coast of Amapá, marking a potentially important development in Brazil’s Equatorial Margin.

ArticleEnergyAug 12, 2026

Eneva Begins Construction of 1.2 GW Natural Gas Power Plant at Pecém Port

Eneva will invest $1.2 billion in a new natural gas power plant at the Port of Pecém, a project expected to increase Ceará’s electricity generation capacity by more than 20% and integrate new LNG and port infrastructure.

NewsInvestmentAug 12, 2026

BTG Launches ESG-Focused Amazon ETF AMAB11 with Inter-American Development Bank

The AMAB11 ETF will invest primarily in corporate bonds issued by companies economically linked to Brazil’s Amazon region and carries the Inter-American Development Bank’s “Amazonia para Todos” sustainability designation.

NewsInnovationAug 11, 2026

Revo Orders Up to 50 eVTOLs From Eve Air Mobility for São Paulo Operations

Revo air mobility plans to deploy Eve Air Mobility’s electric aircraft alongside its existing helicopter network, expanding its door-to-door transportation services in São Paulo.

NewsMarketsAug 10, 2026

Indonesia’s Danantara Invests $2.5 Billion in Joint Venture with JBS

Indonesia’s sovereign wealth fund Danantara will invest $2.5 billion in a new joint venture with JBS focused on expanding protein production across Southeast Asia, Australia and New Zealand.

NewsTechnologyAug 8, 2026

São Paulo to Host $600 Million Exascale Supercomputer in Campinas

The São Paulo state government has confirmed plans to invest R$3 billion ($600 million) in a 1-exaflop supercomputer in Campinas, positioning the city as a potential hub for advanced computing, artificial intelligence and scientific research in Latin America.

NewsEnergyAug 7, 2026

Brazil Looks to Cut Natural Gas Prices by 50% Following New Energy Council Decision

The National Energy Policy Council (CNPE) has approved a regulation allowing natural gas from the pre-salt layer to be sold directly to end consumers, a move the Minister of Mines and Energy claims could halve prices.

NewsMarketsAug 6, 2026

Brazilian Multiflon Expands Presence in Latin America

The company strengthens its operations across the region and sets its sights on new markets

NewsInvestmentAug 6, 2026

Tokenization Surges 122% in Brazil, but Capital Remains Tied to Local Assets

The Brazilian tokenized asset market doubled in value during the first half of 2026, reaching $950 million in total issuances according to RWA Monitor

ArticleMarket TrendsAug 5, 2026

Potash, Rare Earths, and Gold: Mapping the Amazon’s Critical Mineral Opportunity

The Brazilian National Mining Agency maps the region's $21 billion industry, highlighting vast potential in critical and strategic minerals beyond traditional commodities.

NewsEnergyAug 4, 2026

Petrobras (NYSE: PBR) Announces New Gas Discovery in Colombia

The Sandia-1 well marks the Brazilian energy giant's second major offshore natural gas discovery in the Colombian Caribbean this year.

ArticleMarket TrendsAug 3, 2026

Brazil Set to Gain Strategic Relevance in Low Earth Orbit Satellite Race

With a prime location for space launches, Brazil could transform the Alcântara Launch Center into a strategic asset in the global satellite race.

NewsBankingAug 3, 2026

99Pay Receives Central Bank Authorization to Operate as a Credit, Financing and Investment Institution

Backed by a base of over 28 million clients, the new authorization expands the fintech's operational capacity and lays the groundwork for developing new financial products in Brazil.

NewsMarket TrendsJul 30, 2026

Petronas Aims for 1,000 Gas Stations in Brazil by 2030

Spearheaded by the Argenta Group, the expansion strategy focuses on converting existing stations through a mix of investments in technology and innovation.

NewsInnovationJul 28, 2026

Brazilian Biotech Nucleo Vitro Grows 60% Reconstructing Human Organs

Capitalizing on Brazil's US$ 37 billion beauty market, the startup's proprietary in-lab bioengineered tissues are replacing animal testing and cutting import costs for cosmetics and pharma giants

NewsEnergyJul 27, 2026

São Paulo to Turn Trash into Fuel for Garbage Collection Trucks

Backed by a R$ 1.3 billion investment, waste management company Solví aims to power its entire São Paulo collection fleet with renewable gas by 2029 and become the state's largest biomethane supplier to the Comgás grid.

ArticleEconomyJul 23, 2026

The Historical Parallels of the 2026 US-Brazil Tariffs

How do the 2026 U.S. barriers stack up against history? We explore the last 100 years of U.S.-Brazil trade to understand the historical parallels and possible impacts of today's 25% tariffs.

ArticleEntrepreneurshipJul 22, 2026

naPorta: The Last-Mile Startup That Wants to Reach Every Brazilian

From a garage startup to over 9 million deliveries annually, naPorta found opportunity where others saw no demand, all while driving positive impact in local communities.

ArticleTradeJul 21, 2026

Which Brazilian Products Will Face the 25% U.S. Tariffs?

Following a USTR investigation, the U.S. has imposed 25% tariffs on Brazilian imports. Here is a breakdown of the exempt and impacted products.

ArticleEconomyJul 18, 2026

US Imposes 25% Tariff on Brazil: Everything You Need to Know

The US accuses Brazil of unfair preferential tariffs related to financial markets and agribusiness practices

ArticleMarket TrendsJul 16, 2026

Chinese Capital Secures a Central Role in Brazil's Rail Expansion

From urban transport to high-speed rail and locomotive factories, Chinese companies like CRRC and BYD are stepping up as leading protagonists in Brazil’s railway system.

NewsEnergyJul 14, 2026

Brazil Paves the Way for Decarbonization with Biodiesel Deregulation

The National Agency of Petroleum, Natural Gas and Biofuels (ANP) removes red tape for voluntary biodiesel consumption above 15%, boosting renewable energy investments and advancing the "Fuel of the Future" agenda.

ArticleEntrepreneurshipJul 9, 2026

Brazilian Last-Mile Startup Connecting Hard-to-Reach Locations Grows 50x in 5 Years

naPorta announces its third investment round to expand logistics infrastructure across Brazil's untapped $60 billion market

NewsTechnologyJul 7, 2026

Grupo Limber Acquires Infogen to Create Brazil’s Largest Agribusiness Tech Player

The M&A deal brings together over 400 clients with an aggregate annual revenue of R$ 125 billion, consolidating the new "Infogen by Limber" brand as a national leader in agro-software.

ArticleTradeJul 7, 2026

US Considers 25% Tariff on Brazilian Goods Over Pix and Tech Taxes: What You Need to Know

The US International Trade Commission is debating retaliatory tariffs that could affect over 50% of Brazilian exports to the US. Here is a breakdown of the Section 301 accusations and the potential economic fallout.

NewsMarketsJul 6, 2026

Great Wall Motors Announces Second Factory in Brazil as it Reaches Top 10 Best-Selling Brands

The Chinese automaker reinforces its Latin American expansion with a new multi-energy plant in Espírito Santo, aiming to generate 9,000 jobs and boost regional exports.

ArticlePoliticsJul 2, 2026

Brazilians Reject U.S. Pressure to Alter PIX Amid Threat of 25% Tariffs

A new survey shows overwhelming domestic support for Brazil's instant payment system as U.S. trade officials and political figures, including Senator Flávio Bolsonaro, debate potential tariffs and international trade policies.

ArticleTravelJul 2, 2026

Turkish Airlines Expands Direct Flights to Brazil With Routes Between São Paulo and Istanbul

Turkish Airlines will now offer 14 weekly flights between São Paulo and Istanbul, alongside daily flights between São Paulo and Santiago, reinforcing connectivity between South America and 358 global destinations.

ArticleMarket TrendsJun 30, 2026

92% of Brazilians Approve of the PIX Instant Payment System

According to a new Ipsos-Ipec survey, 82% of Brazilians use PIX regularly, underscoring the massive success of the Central Bank's system as it dominates the financial landscape in 2026.

ArticleTradeJun 29, 2026

EU-Mercosur Deal Set to Boost Brazil-Catalonia Trade

Both Brazil and Catalonia look to benefit from increased trade, cross-investments, and closer economic relations following the historic tariff agreement.

ArticleEnergyJun 26, 2026

Biofuels Demonstrate the Strengths of Brazilian Energy Security

The Hormuz Crisis and market volatility highlight the resilience of Brazilian energy security in 2026. A country that historically feared shortages has shown little impact on fuel supply, bolstered by local production and biofuel availability.

ArticleCo-authorReal EstateJun 24, 2026

Beyond Balneário Camboriú: The Next Frontier of Real Estate is Green

The R$1 billion Rioparque project in Tijucas, SC, shows a new trend in Brazilian real estate by valuing community, walkability, and green design near the skyscraper capital of Brazil.

NewsTechnologyJun 19, 2026

Zadara and SUSE Target Financial Sector with Sovereign AI Cloud Integration

The Zadara-SUSE partnership integrates open source innovations with sovereign multi-tenant infrastructure as a service delivering unmatched flexibility, data sovereignty, and localized support powered by NVIDIA GPUs for AI workloads

NewsReal EstateJun 17, 2026

Brazilian "Dubai" Breaks Ground on the Country's First "Vertical Forest"

The Brazilian "Dubai", Balneário Camboriú, is building its first "vertical forest." Auris Residenze blends hanging gardens, green tech, and luxury.

NewsMarketsJun 15, 2026

Colombian State Company Ecopetrol Aims to Buy Brava Energia

Brazilian regulatory organ CVM questions details of the transaction as Ecopetrol moves to acquire a controlling stake via a public tender offer.

NewsInnovationJun 15, 2026

Meet Rio 3.5 Open 397B: The Brazilian LLM Outperforming Global Open-Source AI Models

Developed by IplanRio, the Rio 3.5 Open 397B gains attention after outperforming open-source benchmarks like Alibaba Qwen, DeepSeek V4, and Kim-k2.

ArticleInnovationJun 11, 2026

Brazilian Startup Mercado Unico Uses AI to Tackle Fashion's Deadstock Problem

The platform connects major apparel brands with over 2,000 off-price retailers, turning excess inventory into a quiet, strategic revenue stream.

GuideInvesting in BrazilJun 10, 2026

Investing in the EWZS ETF: The Complete Guide

In this guide, we will break down all the details of the primary international fund for Brazilian small-cap equities: the iShares MSCI Brazil Small-Cap ETF.

NewsCommoditiesJun 8, 2026

Petrobras Announces Interest in Exploratory Blocks in the Ivory Coast

The move marks the first phase in acquiring nine offshore blocks, aligning with the company's long-term strategy to expand its international portfolio and resume investments in Africa.

ArticleStock MarketJun 5, 2026

Why Are Brazilian Equities Dividend Yields So High?

How State Ownership, Commodities, and High Interest Rates Drive EWZ, FLBR and Brazilian Listed Company Dividends

ArticlePoliticsJun 4, 2026

U.S. Terrorist Designation of PCC and CV: What It Means for Markets and Brazil-U.S. Relations

From banking 'de-risking' to billion-dollar compliance fines, how Washington's unilateral sanctions are forcing global investors and multinational subsidiaries to reassess Brazilian risk.

NewsDefence MarketJun 4, 2026

Saab Delivers First Gripen F to Brazilian Air Force as Brazil Eyes 20 More Jets

Saab has delivered the first of eight two-seater Gripen F aircraft to the Brazilian Air Force. The partnership is set to expand, with Brazil looking to order 20 additional jets and establish a joint research center.

ArticleCo-authorMarket TrendsJun 3, 2026

The Multi-Billion Dollar SAF Shock: What Brazil’s New Fuel Law Means for Airlines

Brazil has introduced new legislation regarding jet fuel; here is how it is impacting the local market and driving the green transition in the aviation sector

GuideInvesting in BrazilMay 31, 2026

Investing in the EWZ ETF: The Complete Guide

In this guide, we will break down all the details of the main international fund for Brazilian equities: the iShares MSCI Brazil ETF ticker EWZ.

GuideInvesting in BrazilMay 31, 2026

Investing in the FLBR ETF: The Complete Guide

In this guide, we will break down all the details of the main international fund for Brazilian equities: the Franklin FTSE Brazil ETF (FLBR).

ArticleReal EstateMay 30, 2026

Foreign Investors Fuel a Real Estate Boom in Rio de Janeiro's Market

From Copacabana to Leblon, global investors are transforming the city's housing market by targeting compact, high-yield properties.

NewsMarketsMay 27, 2026

High Real Interest Rates and Election Outlook to Dictate Brazil's Investment Landscape, Expert Says

While the S&P 500 hits record highs, domestic uncertainties pressure the Ibovespa; Trio's Gabriel Timm breaks down FX trends and fixed-income opportunities.

NewsMarketsMay 22, 2026

Brazilian B2B Fintech Robbin Raises $108 Million to Digitize Supply Chain Credit

Backed by an $8M seed round and a $100M credit fund, the São Paulo-based startup enables non-financial enterprises to offer embedded white-label B2B credit solutions to their retail networks.

NewsMarket TrendsMay 21, 2026

Venture Capital Hit a Historic High in Q1 2026. Five Deals Were Responsible for Almost All of It

Q1 2026 shattered venture capital records with $267 billion in funding but 4,589 startups shared just $77 billion of it. The other $190 billion went to only five companies.

ArticleMarket TrendsMay 21, 2026

High Interest Rates Anchor Brazilian Venture Capital Amid US AI Surge

While US venture capital investment surged to a historic $267 billion in the first quarter, Brazil's Venture Capital ecosystem remains anchored by double-digit interest rates and structural hurdles.

NewsEntrepreneurshipMay 21, 2026

Brazilian-Founded AI Startup Drachma Raises $1M to Integrate Autonomous Agents into Corporate Ecosystems

Fueled by a $1M injection, Drachma builds custom autonomous agents that integrate directly into corporate data systems, solving the critical gap to connect artificial intelligence with enterprise APIs, complex data workflows, and business rules.

ArticleMarket TrendsMay 19, 2026

The Trust Equity Premium: The Unseen Asset Driving Today’s Biggest Brands

Branding is increasingly becoming the most important attribute of a product. From ultra-luxury real estate to the creator economy and wellness, branding is no longer just a feature—it is the product itself.

NewsCommoditiesMay 18, 2026

Brazil Will Represent Over 60% of New Non-OPEC Oil Supply by 2028

According to a new report by Kinea Investimentos, Brazil is set to contribute an additional 762,000 barrels per day (bpd) by 2028, making it the largest non-OPEC supplier and accounting for 60% of new global supply.

NewsInnovationMay 17, 2026

Innovative Project Explores Solar Panel Installation Beneath Transmission Lines

A Research, Development, and Innovation (RD&I) project conducted in the state of São Paulo by ISA Energia Brasil (B3: ISAE3; ISAE4) has confirmed the technical viability of generating solar power within transmission line safety corridors.

NewsPoliticsMay 17, 2026

Flávio Bolsonaro Drops 14 Points in Prediction Markets, impacting the Brazilian Real and Stock Market

Following an audio leak, Presidential Candidate Flávio Bolsonaro loses traction in international prediction markets, driving volatility in the Brazilian Real and the Ibovespa.

ArticleMarketsMay 14, 2026

Shell and Petrobras Partner with SENAI CIMATEC and Sonardyne to Deliver New Seismic Monitoring Technology

Shell Brasil, Petrobras, British underwater technology company Sonardyne, and Brazilian research institute SENAI CIMATEC have successfully concluded the first qualification phase of the OD OBN subsea seismic node system, marking a major milestone for the offshore energy sector.

NewsTravelMay 11, 2026

China and Brazil Announce Reciprocal Visa-Free Policy in 2026

In a joint announcement, the Brazilian and Chinese governments have enacted a reciprocal visa-free policy. This agreement coincides with a record surge in bilateral tourism, soaring Chinese foreign direct investment (FDI), and diplomatic praise for Brazil's open-market stance

NewsPoliticsMay 9, 2026

Brazil’s Critical Minerals Strategy: Key Takeaways from the Lula-Trump Meeting and Beijing’s Response

As Lula and Trump meet at the White House for the first time, discover why both Washington and Beijing are fiercely courting Brazil. From a $2.8B US rare earth acquisition to China's praise for Brazilian neutrality, here is the new geopolitical reality.

How-toCo-authorVisa & ImmigrationMay 8, 2026

How to Get a Brazil Tourist Visa as a U.S. Citizen (2026 Guide)

The mandatory Brazilian e-Visa is now in effect for U.S. travelers. Here is your complete step-by-step guide to the required documents, official fees, and the online application process.

NewsDefence MarketMay 5, 2026

UAE Air Force to Acquires Up to 20 Embraer C-390 Millennium Aircraft in Landmark Deal

The agreement marks Embraer's first C-390 sale in the Middle East, expanding the Brazilian aerospace giant's global defense footprint and establishing local MRO capabilities in the Emirates.

NewsTravelMay 4, 2026

São Paulo Will Gain Its Own 'Times Square' in 2026

The new São João Boulevard project aims to revitalize the city's historic downtown with massive LED screens, cultural events, and pedestrian-friendly weekends.

NewsEconomyMay 1, 2026

Brazilian Real (BRL) Surges as Top-Performing G20 Currency Amid Middle East Conflict

As global trade and energy security face severe disruptions, Brazil's insulated economy and strong trade surplus drive the real to its strongest valuation since 2024.

ArticleTravelApr 30, 2026

2025 Tourism Statistics: The "Brazil Effect" in Numbers

Discover why Brazil welcomed a historic 9.3 million foreign visitors, and how the "Brazil Effect" is reshaping the country's travel industry. A deep dive into the numbers, demographics, and expanded flight infrastructure fueling Brazil’s increase in international tourists.

ArticleMarketsApr 28, 2026

Why Brazil is Looking to Re-nationalize Its Largest Fuel Distributor, and Would It Really Work?

From the 2019 privatization to the 2026 fuel crisis: the political push to bring Brazil's largest fuel distributor back under state control. And...could it actually happen?

NewsMarketsApr 24, 2026

USA Rare Earth Acquires Western Hemisphere's Largest Rare Earth Mine in $2.8 Billion Brazil Deal

USA Rare Earth has acquired the largest rare earth mine in the Western Hemisphere for $2.8 billion. This article explores the financial details of this transaction, its strategic importance to both the United States and Brazil, and the ensuing political repercussions.

NewsEnergyApr 21, 2026

Everything about Petrobras' ($PBR) new oil discoveries in South America in 2026

2026 has been a busy year for Petrobras ($PBR), South America’s biggest oil company, which has announced several new discoveries in South America.

NewsStock MarketApr 18, 2026

Petrobras ($PBR) Bets Big on West Africa’s "Pre-Salt Twin" in New Offshore Deal

Petrobras (#PBR), the state-owned oil giant and Latin America's largest player, announced last Friday, April 17, that it will be investing in offshore exploration in West Africa.

GuideCo-authorReal EstateApr 18, 2026

Buying Land in Brazil as a Foreigner: Legal Guide (2026)

Can foreigners buy land in Brazil? This guide covers CPF requirements, urban vs. rural rules, MEI limits, INCRA authorizations, and restricted zones all traced to primary Brazilian law.

How-toCo-authorBanking & FinanceApr 17, 2026

How to Create a Brazilian PIX Account as a Foreigner (Guide 2026)

This guide explains what PIX is, why it matters, and how you can create and use a PIX-enabled account.

How-toCo-authorLegalApr 16, 2026

How to obtain a CPF as a foreigner in Brazil — Step-by-Step Guide (2026)

Everything foreigners need to know to successfully apply for a Brazilian ID number (CPF) in 2026. Learn why it's important, when you need it, and how to apply online or in person.