China has banned exports to USA Rare Earth, the new American owner of Brazil only producing rare earth mine, pulling Serra Verde deeper into the trade war.
Brazil · Critical Minerals · Trade War
— Key Facts
—The move. On Monday, China banned exports of dual-use goods to ten American firms, among them USA Rare Earth.
—The Brazil link. USA Rare Earth agreed in April to buy Serra Verde, the only rare earth mine producing at scale outside Asia, for about $2.8bn.
—The mine. Serra Verde sits in Minaçu, in the central Brazilian state of Goiás, and produces all four of the magnetic rare earths.
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