Reference News Network, July 18 report - According to the Russia Today website on July 18, citing the South China Morning Post in Hong Kong, Brazil's exports of rare earths to China increased threefold in the first half of this year, while China's imports of rare earths also surged to a record high.

The report said that Brazil's exports of rare earths to China reached $6.7 million, three times that of the same period in the first half of 2024. Although this number is still not large in absolute terms, analysts believe that this indicates China is trying to diversify its sources of strategic minerals.

These data come from a report released by the China-Brazil Business Council (CBBC) on the 17th.

According to a report by the Nikkei, Brazil has about 21 million tons of rare earth reserves, second only to China, far exceeding India in third place (about 6.9 million tons), and more than ten times that of the United States.

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