Australian Mining Companies in Brazil
Australian mining giants are investing heavily in Brazilian towns to extract rare earth elements, causing concern among local communities.
The towns of Poços de Caldas and Caldas, in the southern region of Minas Gerais, have significant deposits of these elements, crucial for energy! transition technologies and the military industry.
“nobody will lay hands on” Brazilian minerals
was stated by President Lula da Silva, in a message perceived as directed at American President Donald Trump.
- Poços de Caldas: population 163,000
- Caldas: population 14,000
Author's summary: Australian companies invest in Brazilian rare earth elements, sparking local concerns.