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[BUSINESS] · Brazil, Australia, United States, Canada · 4 sources

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Part of situation: Brazil expands critical minerals policy and exploration (77 clusters)

Brazil attracts R$ 17.5 billion in rare earth mineral investments

rare earth elements critical minerals mining investment Lynas Rare Earths Brazil mining

Brazil is emerging as a significant hub for the rare earth minerals sector, attracting substantial international interest. At least 18 foreign companies are currently engaged in research or exploration projects within the country, with total investments and implementation estimates exceeding R$ 17.5 billion (approximately US$ 3.5 billion). The majority of these companies are from Australia, followed by Canada and the United States.

Lynas Rare Earths, a major non-Chinese producer, is advancing plans to establish a rare earth separation plant in Brazil, potentially supported by financing from the Brazilian National Bank for Economic and Social Development (BNDES). This follows Lynas's R$ 3.5 billion acquisition of Meteoric Resources to explore the Caldeira Project in Minas Gerais. Additionally, the American firm USA Rare Earth recently acquired the Serra Verde mine in Goiás, which is the first in Brazil to produce rare earths commercially.

Brazil possesses approximately 22 million tons of rare earth reserves, the second largest globally. These minerals are critical for high-performance magnets used in electric vehicle motors, wind turbines, and defense systems. The current influx of foreign capital reflects a global strategic effort to diversify supply chains away from China's dominance in the sector.

Entities

BNDES · Brazil · China · Lynas Rare Earths · Meteoric Resources · USA Rare Earth

Claims

What the coverage asserts, and how many sources carry each claim.

Sources

Lynas establece planta de tierras raras en Brasil con financiamiento del BNDES [mineriaenlinea.com]
Terras raras: o que cada candidato a presidência propõe para os minerais que o mundo inteiro quer [ndmais.com.br]
Terras raras atraem ao menos 18 empresas estrangeiras e somam mais de R$ 17 bi em investimentos [c-level.folha.uol.com.br]
Terras raras no Brasil atraem 18 grupos estrangeiros e R$ 17,5 bilhões [www.brasil247.com]