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Market Impact: 0.38
Brazil Funds Rare-Earth Project in Effort to Tap Vast Reserves
Source: Bloomberg
Commodities & Raw MaterialsTrade Policy & Supply ChainGeopolitics & WarGreen & Sustainable Finance
Viridis Mining and Minerals secured Brazilian government funding for its rare-earth project, supporting development of mineral resources in a country with some of the world’s largest reserves outside China. The funding could strengthen Brazil’s role in diversifying global rare-earth supply chains away from Chinese dominance and is positive for Viridis’s project financing and development outlook.
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