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 due to 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 involving the United States, China, and Brazil.
“nobody will lay hands on” Brazilian minerals
was stated by President Lula da Silva in July, perceived as a message to American President Donald Trump.
Author's Summary
Australian mining companies are extracting rare earth elements in Brazil, causing concern among locals.