Mosaic Eyes 2030 Production With Uberaba Rare Earths Facility - Mosaic (NYSE:MOS)

Mosaic Eyes 2030 Production With Uberaba Rare Earths Facility - Mosaic (NYSE:MOS)

The Mosaic Company (NYSE:MOS) shares are up on Wednesday amid concern that the ongoing closure of the Strait of Hormuz will limit exports from key Middle East producers Saudi Arabia and the UAE. Also, the company disclosed a positive development regarding the Uberaba rare earths project in Minas Gerais, Brazil. Details Mosaic’s subsidiary and Rainbow Rare Earths Limited have completed a preliminary economic assessment and entered into a joint pr…

Rainbow Rare Earths approves $279m Brazil project

RAINBOW Rare Earths has approved a $279m rare earths project in Brazil, partnering with US fertiliser giant Mosaic to extract critical minerals from phosphogypsum waste at a site in Minas Gerais state. An economic assessment of the Uberaba project showed a post-tax net present value of $916m at a 10% discount rate, an internal rate of return of 45% and a payback period of just 1.7 years, based on current rare earth prices. “Uberaba represents a …

Mosaic and Rainbow Rare Earths Advance Uberaba Rare Earths Project in Brazil

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