The outlook for rare earths is supported by strong supply and demand fundamentals as the world heads into a new economic era with a focus on clean energy and technological advancements. But with supply chain worries rising, it’s worth looking at which countries have the highest rare earths reserves. Many of the world’s major rare earths producers have large reserves, but some countries have low rare earths output and high reserves. Case in point — mines in Brazil produced only 80 metric tons (MT) of rare earth elements in 2023, but the nation’s reserves are tied for third highest in the world. It’s possible that countries like this could become bigger players in the space in the future. One caveat is that reserves information is unavailable for a few rare earths producers, including Myanmar which took the third spot for rare earths production last year. Here’s an overview of rare…
