Brazil is actively courting foreign investment including from India while pushing to localise the refining and processing value chain. India and Brazil, South America's largest economy, had decided to fast-track collaboration in this sector during President Luiz Inacio Lula da Silva''s state visit to India in February.

Brazil holds the world’s 2nd-largest reserves and wants to become a processor of critical minerals—but it refuses to choose sides between Washington and Beijing | World News

USA Rare Earth's $2.8 billion Serra Verde acquisition leads a wave of Western investment in Brazilian rare earths to counter China's 90% processing