Brazil's first rare earth mine, Serra Verde, begins commercial production to challenge China's dominance.

Brazil, with the world's third-largest rare earth reserves, is developing its own rare earths industry to challenge China's dominance in the supply chain. The country's first mine, Serra Verde, began commercial production this year and benefits from low labor costs, clean energy, established regulations, and proximity to end markets. However, low rare earth prices, technical challenges, and funding issues pose obstacles to Brazil's ambition to become a top rare earths producer, supported by Western governments.

June 17, 2024
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