Australian Mining Companies in Brazil
Two Australian companies have purchased dozens of mining rights in Brazil, intending to extract rare earth elements. This has raised concerns among local communities in Poços de Caldas and Caldas about potential environmental threats.
The rare earth elements found in the southern region of Minas Gerais are crucial for energy transition technologies and the military industry. They are also central to trade disputes between the United States, China, and Brazil.
“nobody will lay hands on” Brazilian minerals
was stated by President Lula da Silva in July, in a message perceived as being directed at American President Donald Trump.
The investment is expected to be significant, but locals are worried about the impact on their environment.
Author's Summary
Australian companies invest in Brazilian rare earth elements amid local concerns.
- Poços de Caldas: 163,000 residents
- Caldas: 14,000 residents
- Minas Gerais: significant rare earth elements deposit
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