Brazil aims to develop rare earth mineral processing

Brazil possesses significant potential in rare earth minerals, crucial for high-tech industries and geopolitical power, according to recent reports. The government is working to develop domestic technology and attract investment in the sector. These 17 chemical elements are vital for electric vehicles, wind turbines, and electronics, making them strategically important. The U.S. and Ukraine recently agreed to explore Ukrainian mineral resources, including rare earths, to reduce dependence on China, which controls much of the global market. Brazil holds the world's second-largest reserves of these minerals, but currently exports them as raw materials. The government is investing in initiatives to develop processing capabilities and capitalize on the growing demand for these resources.