In a groundbreaking development, rare mineral deposits have been identified in Portugal, potentially positioning the country as a strategic protagonist in the global market and transforming its future, as well as that of Europe. The discovery comes at a time when the importance of rare earth elements in the development of cutting-edge technologies is gaining global prominence. Historically, regions like Ukraine and market-dominant powers such as China have dominated this sector. However, the recent findings in Portugal could shift this dynamic.
According to MiningWatch Portugal, an independent network monitoring the country’s extractive industry, four significant rare earth deposits have been located in the Alentejo region, near the border with Estremadura. These deposits are situated in Monforte-Tinoca, Assumar, Crato-Arronches, and Penedo Gordo.
In Monforte, Iberian Resources Portugal has already secured a contract for prospecting and research, uncovering not only rare earths but also valuable minerals like gold, silver, lead, zinc, tungsten/wolfram, and tin. Similarly, in Assumar, the same company has submitted a request for prospecting and investigation, targeting similar minerals. Additionally, exploration contracts have been issued for sites in Crato and Arronches.
Meanwhile, in Penedo Gordo, Acúrcio Henriques Parra has applied for prospecting and investigation rights. This area has confirmed deposits of rare earths, alongside other valuable minerals such as zirconium, hafnium, titanium, niobium, tantalum, yttrium, and scandium.
These discoveries could significantly enhance Portugal’s role in the global supply chain of rare minerals, reducing Europe’s reliance on external markets and fostering technological advancement.
