BRAZIL · MINING · CRITICAL MINERALS
Key Facts
—The headline: Australian-listed miner Viridis Mining and Minerals will sell rare earths from its Colossus project in Minas Gerais only to Western buyers, the CEO told InfoMoney, reshaping the Brazilian rare earths supply chain.
—The project: Viridis inaugurated on May 28 a processing center in Poços de Caldas, presented as one of the largest Western-side facilities for ionic clay rare earths.
—The market: China accounts for 60 percent of global mined rare earths and over 90 percent of refined output, giving Beijing structural pricing power that Viridis says it wants to bypass.
