Brussels is speeding up its rare earths talks with Brazil after a US firm locked in Serra Verde, the country’s only rare earths mine, for 15 years.
Brazil · Economy
Key Facts
— What changed. Brussels is moving faster to strike a critical-minerals deal with Brazil after the United States locked up the country’s only rare earths mine.
— The trigger. In April a US company agreed to buy the Serra Verde mine for about $2.8bn and take all of its early output for 15 years.
— Why Europe cares. China refines roughly nine in ten of the world’s rare earths and has used that grip as a bargaining chip, leaving Europe scrambling for other suppliers.
USA Rare Earth's $2.8 billion Serra Verde acquisition leads a wave of Western investment in Brazilian rare earths to counter…
With the world's second-largest reserves of rare earths after China, Brazil is catching the eye of US and Chinese companies
Move comes as Washington locks US$565 million deal with Brazil’s only operating rare earth mine.
As Washington seeks to loosen China’s grip on high-tech and defense supply chains, Brasília holds a strategic play.
Brazil is seeing increasing demand for its vast reserves of rare earth elements. Global mining giants are betting on Brazil as…
Rising demand for rare earths is drawing global miners to Brazil, positioning it as a potential alternative to China's dominance.
