Rare Earth Elements in Brazil: A Concern for Local Communities
Australian mining companies are investing heavily in Brazilian towns to extract rare earth elements, but locals are worried about environmental threats.
The towns of Poços de Caldas and Caldas, located in the southern region of Minas Gerais, have significant deposits of rare earth elements, which are 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 seemingly directed at American President Donald Trump.
- Two Australian companies have bought dozens of mining rights.
- Local communities are concerned about environmental threats.
- Rare earth elements are central to trade disputes involving the US, China, and Brazil.
Author's summary: Australian companies invest in Brazilian rare earth elements, sparking local concerns.