Australian Mining Companies in Brazil
Two Australian companies have purchased dozens of mining rights in Brazil, intending to invest heavily in the extraction of rare earth elements. This development has sparked 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, is known for its significant deposits of rare earth elements, which are essential for energy transition technologies and the military industry. The concentration levels of these elements in this area are unprecedented, making it a crucial location for extraction.
“nobody will lay hands on” Brazilian minerals
These words, spoken by President Lula da Silva in July, were seen as a message to American President Donald Trump, highlighting the significance of Brazilian minerals in trade disputes involving the United States, China, and Brazil.
- Poços de Caldas: population 163,000
- Caldas: population 14,000
- Minas Gerais: significant deposits of rare earth elements
Author's summary: Australian companies invest in Brazilian rare earth elements.