New technologies for strategic elements

Rare Earth Elements in Latin America

Summary: The current stability of international market prices for minerals combined with the political stability of the traditional mining countries in Latin America has awakened the interest of European, Asian and Canadian mining companies in investing in exploration and mining projects for rare earth elements in Latin America. Recently, the new trend has been for cooperation between technological universities and their respective governments in countries such as Brazil and Argentina, to develop new technologies in the different refining processes of these rare earth elements which are not only important but strategic for the future of the region.

Brazil

According to data from the United States Geological Survey (USGS), Brazil is the country with the largest reserves of rare earth elements in the world, having approximately 3500 million tons (Figs. 1 and 2). In June 2013, the Brazilian government announced it would be investing US$ 5.5 million over the next four years in developing rare earth elements projects. The financing was approved by the Management Committee of the Mineral Resources Sector Fund, which is funded by the tax payments of the mining industry. US$ 1 million will be turned over to the Mineral Technology Center, a...

Related articles:

Issue 04/2012

Lödige cooperates with Semco in Brazil

Gebrüder Lödige Maschinenbau GmbH has established a strategic partnership with the Brazilian Semco Equipamentos Industriais Ltda. The Brazilian manufacturer of industrial mixers with registered...

more
Issue 10/2019 Mining industry

Outlook for Latin America 

1? Introduction In July 2019, the International Monetary Fund (IMF) revised its forecasts for economic growth in Latin America downwards. The reasons given were disappointing economic development in...

more
Issue 10/2018 Technical Metals

New focus on rare earth elements

1 Introduction Rare earths are again in the spotlight. The global boom in electric vehicles and renewable energies is fueling a growing demand for rare earths. This group of metals has special...

more
Issue 05/2013

HAVER & BOECKER invests in Brazil

On 1st March 2013 HAVER & BOECKER Latinoamericana celebrated with more than 200 guests from North and South America, Europe and Asia attending, the expansion of the company building. HAVER & BOECKER...

more
Issue 10/2016

Mining in Brazil offers an array of opportunities

The mining sector in Brazil is not only an important raw materials supplier for German industry, it also offers companies from Germany opportunities for investment over the entire value creation...

more