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USA Rare Earth to Buy Brazil's Serra Verde for $2.8 Billion to Build Supply Outside Asia
The deal gives USA Rare Earth access to a producing mine and 100% of four rare magnetic elements, the company said.
- On Monday, USA Rare Earth announced a definitive agreement to acquire Brazilian miner Serra Verde Group for $2.8 billion, paying $300 million in cash and $126.9 million in stock.
- China produces nearly 70% of the world's rare earths and almost 90% of refined materials, creating strategic supply concerns that the Western rare earth sector urgently seeks to address.
- The acquisition secures a 15-year offtake agreement for 100% of Serra Verde's production of neodymium, praseodymium, dysprosium, and terbium, critical for high-performance magnets.
- USA Rare Earth CEO Barbara Humpton told CNBC's 'Squawk Box' on Monday the company must "break that dependency" on a single source, noting the deal provides "access to a producing mine."
- Serra Verde Group CEO Thras Moraitis stated the U.S. government has been "very active" in spurring investment, asserting "Rare earths represent a strategic nexus where national and energy security converge.
22 Articles
22 Articles
The company USA Rare Earth announced Monday the purchase of the Brazilian company Serra Verde Group in an operation valued at approximately $2.8 billion, with the aim of becoming one of the main actors outside Asia in the production of rare earths. Rare earths are a group of 17 chemical elements indispensable to manufacture permanent magnets used in electric vehicles, wind turbines, electronic devices, robotics and artificial intelligence.
USA Rare Earths buys Brazilian mining firm in bid to break China’s dominance in vital materials
by WorldTribune Staff, April 20, 2026 Non-AI Real World News A U.S.-based mining and manufacturing company focused on establishing a domestic supply chain for rare earth elements is set to purchase a Brazilian mining firm which focuses on large-scale production of all four magnetic rare earth elements. USA Rare Earth Inc. is acquiring Brazil’s Serra […]
The United States has just scored a major goal in the international rare earth race, a market that dominates its main rival, China. An American company backed by the White House announced Monday an agreement to buy the only Brazilian company that produces the coveted materials, one of the few that operates on a large scale outside Asia. The agreement between USA Rare Earths and the Brazilian Serra Verde is about $2.8 billion, according to the an…
Brazil’s Only Rare Earth Mine Sold to Washington for US$2.8 Billion
Key Points — USA Rare Earth (Nasdaq: USAR) announced Monday it will acquire 100% of Serra Verde Group, owner of the Pela Ema mine in Goiás, for approximately US$2.8 billion — the largest rare earths M&A transaction ever in Latin America. — The deal is bundled with a 15-year, 100% offtake agreement with a Special […] The post Brazil’s Only Rare Earth Mine Sold to Washington for US$2.8 Billion appeared first on The Rio Times.
The transaction comprises US$ 300 million in cash and 126.8 million in newly issued ordinary shares of the USA Rare Earth
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