According to BNAmericas website, data from the Brazilian Mining Association (Ibram) shows that due to the increased geopolitical tensions brought about by rare earths, investment in rare earth projects in Brazil in 2025-29 will reach $2.17 billion, 49% higher than the projected investment in 2024-28. Some analysts believe that US President Donald Trump's comments about controlling Greenland and his push for a mineral deal with Ukraine are essentially related to rare earths, which are essential for manufacturing high-tech products, magnets, batteries and motors, among other products. While a small share compared with the $70bn in mining investment over the same period, rare earths have been the fastest growing sector in the same period, driven by a surge in investor interest. "Rare earth investment has a deep geopolitical context," said Jose Ricardo Pisani, a mining investment partner at Prisma Capital in Brazil. "This opens the door for Brazil to enter the rare earth market because Brazil has the second largest rare earth reserves in the world."
Prima Capital is considering acquisitions of mining assets in Brazil. The company manages 22 billion reais ($3.8 billion) of capital and invests in oil and gas, infrastructure and energy. "However, the important thing is that although Brazil has a lot of rare earth reserves, they are basically untapped. Currently, there is only one project producing rare earths in Brazil, Minerao Serra Verde's mine in Goias State, and other projects have just started, "Pisani added. "In any case, the main development projects for rare earths in Brazil are located in parts of the states of Goias, Minas Gerais and Bahia," he said.
At present, the most advanced rare earth projects in Brazil are located in Minas Gerais state, and most are controlled by junior Australian mining companies.
