Foreign media: Brazilian Minister of Mines and Energy Alexandre Silveira revealed that during talks with U.S. President Trump and his team in May this year, the U.S. acknowledged it has fallen behind China in the competition for critical minerals.
The United States is investing funds to develop Brazil's mineral resources, but the Brazilian government emphasized it will not only export raw ores, but also attract foreign investment to promote domestic processing. Brazil holds the world's second-largest rare earth reserves, yet currently only one rare earth mine is operational; in contrast, China controls approximately 91% of global rare earth separation and refining capacity and 94% of permanent magnet production.
Brazil hopes to leverage international capital to enhance its mineral processing capabilities and play a greater role in new energy, electrification, and defense industrial chains.
Original article: toutiao.com/article/1874556469136384/
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