Reported 8 months ago
Brazil is aiming to establish a rare earths industry to reduce China's dominance in the supply chain. With advantages like low labor costs, clean energy, and proximity to end markets, Brazil hopes to become one of the top five rare earths producers globally. However, challenges like low rare earth prices, technical obstacles, and difficulty in raising funds pose hurdles. The country's first rare earths mine, Serra Verde, has started production with plans to expand output, reflecting the country's long-term ambitions in the industry.
Source: YAHOO