money & economicsOur World in Data
Brazil, India, Vietnam and Russia hold large rare earth reserves but mine little
Rare earth elements are a group of 17 metals that are essential for permanent magnets in electric vehicle motors, wind turbine generators and some military hardware. Brazil, India, Vietnam and Russia hold large reserves of them, yet they produce only a small share of global output. Mining and processing these metals is costly and polluting, and refining is concentrated in a few countries, mainly China. Reserves on paper therefore do not translate into supply.
Rare earths sit at the centre of the clean energy transition and of defence supply chains. The gap between reserves and mining explains why supply security has become a geopolitical issue.
