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Brazilian Lawmakers Advocate for State-Owned Developer in Rare Earths Mining
In light of increasing demand from the US and China for rare earths, Brazilian lawmakers are pushing for a state-owned entity to spearhead mining efforts, aiming to bolster economic growth.
editorial-staff
1 min read
Updated about 3 hours ago
Summary
Pro-government lawmakers in Brazil are advocating for the establishment of a state-owned developer to manage the mining of rare earths. These minerals are essential for various green technologies.
The push comes as the US and China intensify their search for rare earths, highlighting the strategic importance of these resources in the global market.
Lawmakers believe that leveraging Brazil's mineral wealth could drive significant economic development, positioning the country as a key player in the rare earths sector.
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