RARE EARTHS
US firm makes big Brazil rare earth buy
Serra Verde is Brazil’s only rare-earth producer. Photo: Agência Pública
US officials and investors did not wait for Brazil to figure out what to do with its rare earth minerals. While politicians in Brasília debate whether to create a state company to manage the country's vast deposits, Washington has quietly moved in.
Nasdaq-listed USA Rare Earth announced on April 20 a USD 2.8 billion deal to acquire Serra Verde, the only large-scale producer of all four magnetic rare earth elements outside Asia — a transaction that marks the culmination of a deliberate American advance into Brazilian soil…
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