Brazil, which holds the world’s second-largest rare earth reserves after China, is drawing increased attention from both US and Chinese companies as competition over critical minerals intensifies. Coverage highlights that the mineral deposits give Brazil potential leverage in the supply chain for technologies that rely on rare earth elements, while also making Brazil a target for investment and commercial deals. Both outlets note that Brazil is working to expand beyond extraction toward processing and other downstream activities, aiming to increase domestic value from critical minerals. The Wall Street Journal reports that Brazil pursues a strategy of becoming a processor of critical minerals but does not publicly align itself with either Washington or Beijing. Climate Home News adds that this interest is tied to the Brazilian government’s developing critical minerals policy and the broader shift toward government support for secure supply chains. Together, the reports describe a country positioned to benefit from a global scramble for rare earths, while also trying to manage relations with major powers without taking sides.
Brazil seeks role in rare earth processing amid US-China rivalry
Brazil, which holds the world’s second-largest rare earth reserves after China, is drawing increased attention from both US and Chinese companies as competition over critical minerals intensifies. Cov...
- Brazil has the world’s second-largest rare earth reserves after China.
- US and Chinese firms are increasing interest in Brazil’s rare earths as rivalry grows.
- Brazil aims to move from extraction toward processing of critical minerals.
- Brazil’s policy approach seeks to avoid choosing sides between Washington and Beijing.
- Brazil is developing a critical minerals policy to support its role in the supply chain.
With the world's second-largest reserves of rare earths after China, Brazil is catching the eye of US and Chinese companies – spurring the government's critical minerals policy push The post Brazil jostles for rare earths share as US-China rivalry heats up appeared first on Climate Home News.
2 months agoBrazil holds the world’s second-largest reserves and wants to become a processor of critical minerals, but it refuses to choose sides between Washington and Beijing.
2 months ago
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