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[BUSINESS] · United States, Brazil

Part of situation: Brazil expands critical minerals strategy (45 clusters)

USA Rare Earth acquires Serra Verde mine in Brazil for $2.8 billion

USA Rare Earth Serra Verde Brazil mining Goiás rare earths

USA Rare Earth agreed to buy Serra Verde, a Brazilian rare earth mine, for $2.8 billion, extending the company's takeover spree.

The Goiás-based Serra Verde mine sits at the center of America's push to diversify its rare earth supply chain away from China, as Brazil debates how to govern the sector.

Brazil continues to debate how to govern its rare earth sector as the deal progresses.