Brazil’s Senate passes rare earth minerals regulation, paving the way for boosted exploration

On Wednesday night, Brazil's Senate approved a landmark bill designed to regulate the exploration of critical and strategic minerals. The legislation paves the way for increased exploitation of the country's vast reserves of rare earth minerals.

Brazil possesses some of the largest rare earth reserves in the world, ranking second globally. The newly passed regulatory framework is intended to facilitate boosted exploration and development of these valuable resources within the South American nation.