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Brazilian Amazon Sees Rise in Illegal Mining of Critical Minerals Amid Growing Global Demand
Illegal prospectors are increasingly targeting critical minerals in the Brazilian Amazon, driven by global demand for resources used in electric vehicles and fighter jets. Brazil holds some of the world's largest deposits, drawing interest from the United States and others seeking to reduce China's dominance.
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This surge in illicit mining stems from global demand for these minerals, which are essential in products such as electric vehicles and fighter jets. Brazilian authorities have identified rare earths among the critical minerals being mined illegally in the region.
The Amazon rainforest has been exploited for decades for resources including rubber, timber and gold. Now, this new wave of illegal activity focuses on critical minerals, intensifying pressures on a vital ecosystem.
Brazil possesses some of the world's largest deposits of critical minerals. The United States and other countries are turning to Brazil to diminish China's control over these strategic resources, needed for future technologies. Rare earths, a group of 17 elements, are crucial for producing powerful magnets used in items ranging from drones to guided missiles.
The global critical minerals market is valued at more than $300 billion, according to the International Energy Agency. This market, fueled by the energy transition, is projected to more than double by 2035.
