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Brazil Won’t Produce Rare-Earth Magnets Until 2032

8/28/2026

Summary

Story summary

Andre Luis Pimenta de Faria says Brazil will not produce rare-earth magnets from raw materials before 2032.
The pilot plant employs Asian process technology and imports processed ore for its furnaces.
Brazil does not produce electrolytic iron, a high-purity input, despite being a top iron ore exporter.
Pablo Cesario, executive of the Brazilian Mining Institute, called the timetable optimistic and said the reserve-to-production gap averages 17.2 years.

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Story summary

Andre Luis Pimenta de Faria says Brazil will not produce rare-earth magnets from raw materials before 2032.
The pilot plant employs Asian process technology and imports processed ore for its furnaces.
Brazil does not produce electrolytic iron, a high-purity input, despite being a top iron ore exporter.
Pablo Cesario, executive of the Brazilian Mining Institute, called the timetable optimistic and said the reserve-to-production gap averages 17.2 years.