Brazilian rare metals in the starting blocks as strategic alternative to China
- Brazil wants to use its large reserves of rare earth metals to position itself as an alternative to Chinese suppliers.
- Exploitation is underway, but refining is largely absent: Brazil will also remain dependent on Chinese buyers for the time being.
- Low prices only make a competitive chain possible with government support - through subsidies and purchase guarantees, experts say.
Brazil, with its large supply of rare earth metals, presents itself as a strategic alternative to Chinese suppliers. The first mines are under development, foreign investors are showing interest, but the low prices, the strong Chinese competition and the lack of its own processing capacity are playing tricks on the sector. 'Without government support it is impossible.'
fd.nl
