Brazil is close to achieving unprecedented advance in the scientific field. Brazil is the owner of the second largest reserve of rare soil in the world, elements used to produce the so-called Super Magnets components. The product is essential for high-tech industry and strategic sectors in clean tech such as wind power and electric cars. Despite the potential wealth, however, this product is not commercially exploited in Brazil.
Such waste should change soon as a partnership between the Institute for Technological Research (IPT) and the Brazilian Company of Metallurgy and Mining began the laboratory production of metal alloys, which are super magnets.
Expected to last one year, the current phase of the program will allow it to reach the final product needed for the industry. Currently, the United States, Europe and Japan compete for the purchase of Super magnets, also considered strategic for the production of mobile electronic equipment. Besides holding the largest reserves of rare soil, China also dominates 90% of world trade.