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 in the state of Minas Gerais have significant deposits of these elements, crucial for energy transition technologies and the military industry.
“nobody will lay hands on” Brazilian minerals
was stated by President Lula da Silva, in a message perceived as a warning to American President Donald Trump.
- Poços de Caldas has a population of 163,000
- Caldas has a population of 14,000
- The region holds an enormous deposit of rare earth elements with unprecedented concentration levels
Author's summary: Australian companies invest in Brazilian rare earth elements amidst local concerns.
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