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US-Backed Brazil Mine Challenges China Dominance
Posted inMarkets

US Backs $3 Billion Rare Earth Deal to Counter China

by Oguz BuyukyildirimApril 20, 2026April 20, 2026

The United States is backing a nearly $3 billion rare earth acquisition, aiming to reduce dependence on China and secure critical supply chains. USA Rare Earth will acquire Brazil-based Serra Verde Group in a deal worth over $2.5 billion in stock and $300 million in cash. The transaction gives the company control of the Pela […]

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