Brazil starting to see the possibilities in the rare earth metals market

Brazil is aiming to take a larger slice of the rare earth metals markets of which almost 95% of is currently dominated by the Chinese, and as the export quotas newly imposed by China start to choke of supply and push up the prices for rare earth metals, specifically the group known as HREE (heavy rare earth elements) which are essential for the manufacture of a variety of high tech products from smart phones to high tech medical equipment, companies that manufacture these goods are looking to stabilise supply and so keep prices in control.

Brazil aims to rival China in rare earth metals supply market

Brazil wants to increase its rare earth metals output capabilities so as to provide an alternative supply to rival the Chinese exports.

In current legislative discussions going on regarding rare earth metals exploration, mining and extraction a new ‘mining’ code is to be drafted by the government, which companies will have to follow.

Brazil to enter rare earth metals market

“They don´t want to be seen as to be making the same mistakes as the Chinese when it comes to the environment,” said a spokesperson from London Commodity Markets, who specialise in rare earth metal investments as well as a range of other commodities that are traded.

“Some companies have already begun to invest in this new and emerging rare earth metals sector. Up till May of this year, there has been 164 research requests registered with DNPM, “ (Brazil’s national department of mineral production) said the spokeswomen

“Five years ago, there were no new projects in Brazil. “She concluded.

London Commodity Markets will be watching Brazil and this new possible rare earth metals market, we are currently waiting on updated data regarding the size of the rare earth mineral deposits that have been found and the composition of the minerals and what quantities of specific rare earth metals are present within the mineral deposits.

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