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"Critical Inflection Point" Reached As USA Rare Earth Expands With $2.8 Billion Serra Verde Buyout
"Critical Inflection Point" Reached As USA Rare Earth Expands With $2.8 Billion Serra Verde Buyout
USA Rare Earth Inc. is acquiring Brazil’s Serra Verde Group in a roughly $2.8 billion cash-and-stock deal, part of a broader push by the U.S. and its allies to secure independent supplies of critical minerals, according to CNBC and Bloomberg.
The agreement includes $300 million in cash and a large share issuance, with the transaction expected to close in the third quarter.
The deal comes amid rising concern over China’s dominance in rare earths—a group of 17...
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via AFP
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