Rare Earth Elements in Brazil
Australian mining companies are acquiring mining rights in Brazilian towns to extract rare earth elements, causing concern among local communities.
The towns of Poços de Caldas and Caldas, with populations of 163,000 and 14,000 respectively, are at the center of this development due to their enormous deposit of rare earth elements.
- These elements are crucial for energy transition technologies and the military industry.
- They are also central to trade disputes involving the United States, China, and Brazil.
“nobody will lay hands on” Brazilian minerals - President Lula da Silva
Two Australian companies have bought dozens of mining rights and plan to invest heavily, but locals are worried about environmental threats.
Author's summary: Australian companies extract rare earth elements in Brazil.
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