By Brazil Stock Guide – USA Rare Earth said on Monday (April 20) it has signed a definitive agreement to acquire Brazil-based Serra Verde Group for approximately $2.8 billion, according to a company statement.
The transaction will create an integrated rare earths platform, combining Serra Verde’s production assets with USA Rare Earth’s processing and magnet manufacturing operations in the United States and Europe.
Serra Verde is one of the few commercial-scale rare earths producers outside Asia, supplying materials used in permanent magnets for electric vehicles, wind turbines and industrial applications.
With the deal, USA Rare Earth secures an immediate operating asset, complementing its Round Top project in Texas, which remains under development.
The company said the acquisition supports its strategy to build a fully integrated “mine-to-magnet” supply chain and reduce global dependence on China for critical minerals.
The move comes as the United States steps up efforts to strengthen domestic and allied supply chains for rare earths, seen as essential for energy transition and national security.
USA Rare Earth has been considered for up to $1.6 billion in U.S. government support as part of that push .
The transaction is subject to customary closing conditions and regulatory approvals.
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