Chinese Mining Giant Secures Brazilian Rare Earth Mining Company

In a strategic move, China Nonferrous Metal Mining Group (CNMC) has acquired Mineração Taboca S.A. for $340 million. The deal, finalized on November 26, 2024, grants China access to vital raw materials for green and electronic technologies. Taboca, Brazil’s largest refined tin producer, operates the Pitinga Mine in Presidente Figueiredo, Amazonas. This mine boasts an […]