Found by chance - where an island with valuable metals was opened.
Rare earth metals are key for high-tech industries, and their discovery on an underwater island in the South Atlantic could be significant. Large deposits of iron-manganese ores with nickel, cobalt, and yttrium have been found there.
Details of the discovery
The underwater island is part of the Rio Grande Rise volcanic plateau and is located about 1,300 km from the Brazilian coast. Scientists believe that this location contains significant reserves of important metals needed for industrial development.
Geopolitical significance
China is currently the world's largest supplier of rare earth metals, but considering the export restrictions, Brazil is interested in exploring the resources of the underwater territory and harnessing its wealth.
The discovery of rare earth metal deposits on the underwater island in the South Atlantic could significantly impact the global market for these strategically important resources, especially in light of the geopolitical aspects and competition between China and other countries.
Read also
- Fuel Crisis Drives Russia to Boost Belarusian Gasoline Imports Twentyfold
- Ukraine’s Drones Cripple Russia’s Largest Oil Refinery, Sparking Fuel Shortages and New Export Bans
- Sweden Pledges €124 Million to Ukraine’s Energy Sector: Here’s Where the Money Will Go
- Kazakhstan Seals Its Border with 59 Checkpoints Amid Russia’s Fuel Crisis
- Poland Emerges as Ukraine’s Top Trade Partner After Zelenskyy and Nawrocki Meet Following Controversy
- Ukraine Launches Free AI-Powered Job Platform: What This Means for Job Seekers

