USA RARE EARTH ACQUIRES BRAZIL UNIT FOR $2.8B

Rare-earth elements are critical materials used in high-strength magnets for consumer electronics, electric vehicles, and defense systems. China has long controlled the global rare-earth supply chain, prompting Western governments to diversify sourcing. CEO Barbara Humpton called the Serra Verde acquisition "transformative," signaling the company's ambitions to expand processing capacity outside China. The deal represents a significant step in US efforts to build domestic and allied supply chains for minerals essential to advanced technology and national security. Serra Verde's assets complement USA Rare Earth's existing operations, strengthening its position to serve growing demand from EV manufacturers and defense contractors. The acquisition aligns with US policy priorities to reduce critical mineral vulnerabilities, as outlined in recent executive orders and infrastructure investments. The transaction faces standard closing conditions and is anticipated to complete by the third quarter.