Rare Earth Elements in Brazil: Australian Mining Giants Spark Local Concerns
Australian mining companies have acquired dozens of mining rights in Brazilian towns, intending to extract rare earth elements, causing concerns among local communities about environmental threats.
The towns of Poços de Caldas and Caldas, with populations of 163,000 and 14,000 respectively, are at the center of this development, as the southern region of Minas Gerais holds significant deposits of these elements.
These resources are vital for energy transition technologies, the military industry, and are also central to trade disputes between the US, China, and Brazil.
“nobody will lay hands on” Brazilian minerals
was stated by President Lula da Silva in July, in a message perceived as directed at American President Donald Trump.
Investment and Environmental Concerns
- Australian companies expect to invest heavily in the region
- Local communities are worried about the environmental impact of mining activities
Author's summary: Australian mining companies spark concern in Brazilian towns.
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