Brazil Implements Plan To Become A Key Rare Earth Elements Supplier
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 18 2024
0mins
Source: Benzinga
- Brazil's Rare Earth Elements (REE) Industry: Brazil aims to reduce its reliance on China for rare earth elements crucial for advanced technologies and green energy transition.
- Advancements in REE Sector: Brazil, with the world's third-largest REE reserves, has made significant progress, including the launch of commercial production at the Serra Verde mine in Goiás.
- Serra Verde Mine: The Serra Verde mine targets an initial annual output of 5,000 tons of rare earth oxides, essential for manufacturing high-efficiency magnets in wind turbines and electric vehicles.
- Challenges Faced: Despite potential, Brazil's REE industry is currently dormant due to challenges like environmental concerns, slow permitting processes, and economic pressures like declining prices and rising interest rates.
- Positive Momentum: There is a growing interest in mineral research in Goiás, with companies exploring ionic clay deposits similar to those in China. Brazil's advantages include low labor costs, access to clean energy, and government support for strategic mineral projects.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
