At least 13 small Australian miners are frantically trying their luck – and trying to raise money – to develop rare earths mines. But why are they choosing Brazilian projects rather than Australian?
The global race for rare earths is on. The world has belatedly realised the risk of allowing China to control the market for the rare earths metals and magnets so vital for modern living, so it may not seem unusual for two small ASX-listed miners to be attempting projects in adjacent tenements in a pro-mining state.
What is surprising is that their efforts are in Brazil, rather than Australia.
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Jennifer Hewett is the national affairs columnist. She writes a daily column on politics, business and the economy. Connect with Jennifer on Twitter. Email Jennifer at jennifer.hewett@afr.com
