DoW Invests $750M in an REE Offtake with Brazil’s Serra Verde
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The U.S. Department of War, formerly the Department of Defense, announced a $750 million investment (approximately R$ 3.8 billion) in the purchase of rare earth elements produced in Brazil by the mining company Serra Verde. In practice, the announcement places the rare earth elements extracted in Brazil directly into the ecosystem of the U.S. military industry – rare earth elements are used by the U.S. arms industry for their magnetism and resis…
DoW Invests $750M in an REE Offtake with Brazil’s Serra Verde
The Department of War’s (DoW) announced a $750 million investment to support an offtake agreement for mixed rare-earth carbonates (MREC) produced at Serra Verde’s Pela Ema project in central Brazil. USA Rare Earth, Inc. agreed to acquire Serra Verde’s Pela Elma mine for approximately $2.8 billion in April of this year. This strategic partnership is intended to establish a secure supply chain for rare-earth elements (REE) critical for the USA. “S…
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