en.Wedoany.com Reported - Brazil is advancing rare earth mining, with its Caldeira project in Minas Gerais state being considered by Australian mining company Meteoric Resources as the world's largest ion-adsorption clay deposit.

"The next major rare earth project globally will be in Brazil," Meteoric CEO and geologist Andrew Tunks told Deutsche Welle. "I'm not sure how long it will take, but I believe Brazil will then compete with China." Ion-adsorption clays are a crucial source of medium and heavy rare earth elements such as dysprosium and terbium, which are essential for manufacturing high-performance magnets used in wind turbines and electric vehicles.

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