USA Rare Earth Acquires Mine in Brazil

Written by Amir Richani for IIR News Intelligence (Sugar Land, Texas)SummaryUSA Rare Earth acquires one of the few heavy rare earth mines outside China for US$2.8 billion, a move aimed to counter Chinese market dominance.New Acquisition
USA Rare Earth (USAR) announced the decision to acquire Brazil's Serra Verde Group, owner of the Pela Ema rare earth mine and processing plant in Goias, Brazil, for US$2.8 billion. The deal includes US$300 million in cash and the remaining value in new shares at