Camaçari Petrochemical Complex.
Under the deal, Carester will also provide engineering and technical services for Brazilian Rare Earths’ planned separation plant at the Camaçari Petrochemical Complex in Bahia, Brazil. The plant will play a key role in processing and refining rare earth materials locally.
According to the agreement, Carester will purchase up to 150 tonnes per year of contained dysprosium and terbium from Brazilian Rare Earths during the ten-year term. These two elements are vital for producing high-performance permanent magnets, which are used in a wide range of applications including electric vehicles, renewable energy systems, and advanced manufacturing.
The partnership between the two companies aims to address the global shortage of dysprosium and terbium, both considered essential to clean energy and technology industries. It also aligns with broader efforts to strengthen and diversify global supply chains for critical minerals.
Carester, a France-based company, is currently constructing a rare earth separation and recycling plant supported by more than €216 million ($251.25 million) in funding from the French government and Japanese partners. The facility is designed to enhance recycling capabilities and reduce dependence on primary extraction.
Commenting on the partnership, Bernardo da Veiga, CEO of Brazilian Rare Earths, said: “Teaming with Carester gives us the technical depth and downstream capacity to rapidly convert our ultra high-grade rare earths into the vital products customers need.”
The agreement highlights both companies’ shared commitment to developing a sustainable supply of high-purity rare earth materials. The initiative also supports Brazil’s efforts to advance domestic mineral processing capacity while contributing to global rare earth diversification.
As global demand for rare earth elements continues to rise, driven by growth in electric mobility, renewable power, and electronics manufacturing, securing long-term supply agreements has become increasingly important. Brazilian Rare Earths’ collaboration with Carester positions it strategically in the global value chain for critical minerals.
The Camaçari project represents a key component of Brazilian Rare Earths’ broader development strategy in South America. By integrating upstream resource production with downstream processing, the company aims to create an efficient and sustainable operational model capable of serving international markets.
This partnership underscores growing global attention to strengthening alternative rare earth supply chains and ensuring stable access to essential materials required for modern technologies and low-carbon industries.
