Brazil and India Sign Critical Minerals and Rare Earth Agreement

Driven by sustained price increases in the domestic Chinese market, the entire rare earth supply chain is experiencing upward pressure across the board. Post-holiday FOB prices have been adjusted as follows: Praseodymium Oxide: USD 143-147/kg​ Neodymium Oxide: USD 172-202/kg​ Dysprosium Oxide: USD 302-352/kg​ Terbium Oxide: USD 1,147-1,237/kg​ Currently, export availability from China has further tightened, placing overseas buyers under mounting pressure.

The Brazilian government has initiated a plan to allocate funds for innovation in the mining sector. The funding, totaling 200 million reais (equivalent to $40 million), is jointly established by the Ministry of Science, Technology, and Innovation (MCTI) and the Research Projects Financing Agency (Finep), and will be implemented through the "Brazil Innovation Program." Against the backdrop of growing interest from domestic and overseas investors in developing projects related to critical minerals, the Brazilian government has launched this initiative. Notably, many of these projects, particularly rare earth separation projects, still require further R&D investment.

[Breaking News: Brazil Increases Investment in Mining Innovation] The Brazilian government has launched a plan to invest in innovation in the mining sector. The funding, totaling 200 million reais (equivalent to US$40 million), is jointly established by the Ministry of Science, Technology and Innovation (MCTI) and the Financier of Studies and Projects (Finep), and will be implemented through the "Brazil Innovation and Technology Program." Against the backdrop of growing interest from domestic and overseas investors in projects related to critical minerals, the Brazilian government has introduced this initiative. It is worth noting that many of these projects, particularly rare earth separation projects, still require further investment in R&D.