Australian Mining Companies in Brazil
Two Australian companies have purchased dozens of mining rights in Brazil, intending to extract rare earth elements. This development has raised concerns among local! communities in Poços de Caldas and Caldas, due to potential environmental threats.
The region of Minas Gerais, where these towns are located, holds a significant deposit of rare earth elements with high concentration levels. These resources are essential 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.
Author's summary: Australian companies invest in Brazilian rare earth elements.
- Poços de Caldas: 163,000 residents
- Caldas: 14,000 residents
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