Updated
Updated · The Wall Street Journal · Apr 20USA Rare Earth Strikes $2.8bn Deal for Brazil’s Serra Verde to Boost Critical Minerals Supply
28 articles · Updated · The Wall Street Journal · Apr 20
- USA Rare Earth has agreed to acquire Brazil's Serra Verde Group in a deal valued at approximately $2.8 billion.
- The purchase includes $300 million in cash and nearly 127 million newly issued shares, and is expected to close in Q3 2026, pending approvals.
- This move secures a key source of four magnetic rare earth elements outside Asia, supporting US efforts to diversify critical mineral supply chains.
Can USA Rare Earth deliver on its ambitious $1.8 billion profit promise by 2030? How will Brazil leverage its rare earth riches without becoming a pawn in US-China rivalry? How will China weaponize its remaining 90% control over rare earth refining? Will creating a Western rare earth champion make electric vehicles and defense systems more expensive? Can this new supply chain meet the US military's 2027 deadline for Chinese-free materials? Is massive government intervention the only way for the West to compete in critical minerals?