Meteoric Resources plans major rare earth mining in Brazil through its Caldeira project in Minas Gerais, described as the world’s largest ionic clay deposit. Ionic clay is a key source of medium and heavy rare earths including dysprosium and terbium, used in high-performance magnets for wind turbines and electric vehicles. The International Energy Agency reports magnet rare earth demand has doubled since 2015 and is projected to rise by another third by 2030 under current policies. Brazil has about 21 million tons of rare earth deposits, second only to China’s 44 million tons. Brazil’s National Mining Agency has 2,758 rare earth projects under consideration, far above roughly 250 earlier applications.
"“The next big, rare earth projects in the world will be in Brazil,” the geologist Andrew Tunks, CEO of the Australian mining company Meteoric Resources, told DW."
"“demand for magnet rare earth elements (neodymium, praseodymium, dysprosium and terbium) has doubled since 2015 and is set to expand further by a third by 2030 under today's policy settings, thanks to growing electrification and the rapid deployment of new energy technologies such as EVs and wind turbines.”"
Read at www.dw.com
Unable to calculate read time
Collection
[
|
...
]