USA Rare Earth Acquires Serra Verde Group for $2.8 Billion, Boosting Rare-Earth Production
USA Rare Earth (USAR) announced a $2.8 billion acquisition of Serra Verde Group, significantly accelerating its rare-earth production timeline. The move aligns with U.S. efforts to reduce reliance on China, which controls 90% of rare-earth processing. The stock surged 13% following the April 20 announcement.
Tickers: $USAR
Topics: acquisition China dependency rare earth minerals supply chain diversification USA Rare Earth