Brazil courts investment in rare earths as China alternative

Global developers rush to tap the country's largely undeveloped reserves

20250611N Brazil Lula

Brazilian President Luiz Inacio Lula da Silva wants to turn Brazil into an international player in the natural resources sector. © Reuters

NIKI MIZUGUCHI

SAO PAULO -- Brazil is courting global capital to develop the world's second-largest reserves of rare earths, looking to become an alternative supplier amid Chinese export controls that have throttled shipments of the critical minerals.

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