An EU commissioner visited a Brazilian rare-earth site and a first supply letter emerged, showing Europe's drive to source minerals from Brazil is real.
Energy · Brazil · Critical Minerals
Key Facts
—The visit. The EU’s international-partnerships commissioner, Jozef Síkela, toured a rare-earth processing site in Minas Gerais, Brazil, on June 20.
—The pitch. Brussels wants Brazil to refine minerals at home rather than ship raw ore, securing European supply through purchase deals.
—First deal. The site’s owner, Viridis, signed a non-binding letter this month to supply Belgium’s Solvay, with a firm deal possibly done by end-July.
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With the world's second-largest reserves of rare earths after China, Brazil is catching the eye of US and Chinese companies
As Washington seeks to loosen China’s grip on high-tech and defense supply chains, Brasília holds a strategic play.
Rising demand for rare earths is drawing global miners to Brazil, positioning it as a potential alternative to China's dominance.
L'Unione europea entra ufficialmente nella competizione globale per i minerali critici del Brasile. (ANSA)
