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Rare earths and critical minerals
Peru seen as player with “high geological potential”
Like Chile, its southern neighbour, Peru has a long history of mining production and expertise. A recent report from consultancy KPMG says Latin America is emerging as a supply-side challenger to Chinese rare earth dominance in production and refining. By KPMG’s assessment Brazil has rare earth proven reserves of approximately 21m tonnes, followed in second place by Argentina with 3.3m tonnes, and Peru as a player with “high geological potential”. Juan Carlos Mejía, energy and natural resources lead for KPMG Peru, says the challenge isn’t just to exploit rare earth reserves, but to “transfer their role within the value chain”.
- Rare earths and critical minerals - what are they?
- Where are they?
- What is the outlook for demand?
- The US-China stand off
- Washington plays catch up
- The European perspective
- Brazil leads the charge
- USA Rare Earth makes its move in Brazil
- Concern over REE preferential access
- Argentina: the lithium RIGI story
- New Chilean government eyes value added
- Peru seen as player with “high geological potential”
- 2023 mining law holds Mexico back
- Bolivia moves away from state-led industrialisation
- Corporate moves in critical minerals and REEs
- Rare earths and the environment
- Conclusion – the coming boom