Critical Minerals

Critical minerals are essential to the technologies driving the global economy and the transition to a lower-carbon future. From electric vehicles and wind turbines to artificial intelligence infrastructure, robotics, advanced manufacturing and defence technologies, these industries rely on secure and reliable supplies of minerals that are fundamental to modern innovation and economic growth.

Rare earth elements are among the world’s most strategically important critical minerals. While there are 17 rare earth elements, the greatest economic value is concentrated in the four magnet rare earths, neodymium, praseodymium, dysprosium and terbium. These elements are essential for the manufacture of high-performance permanent magnets used in electric motors, renewable energy systems, robotics, medical technologies and defence applications. Together, they account for more than 80% of the market value of all rare earths.

As governments and manufacturers work to diversify supply chains beyond China, there is growing global demand for high-quality rare earth projects capable of supporting secure, resilient and competitive supply chains. Power Minerals is positioning the Morro do Ferro Rare Earth Project in Brazil to become a potential strategic upstream supplier of premium magnet rare earths, supporting the next generation of global manufacturing and advanced technologies.