USA Rare Earth Acquires Brazil's Serra Verde for $2.8 Billion to Diversify Rare Earth Supply
USA Rare Earth has announced a $2.8 billion acquisition of Brazil's Serra Verde, aiming to reduce global reliance on China's rare earth supply. The deal includes $300 million in cash and $126.9 million in shares, with expected completion in Q3 2026. The move is part of a broader U.S. strategy to counter China's dominance in the rare earths market.
Tickers: $USAR
Topics: China geopolitical rivalry rare earths Serra Verde supply chain USA Rare Earth