Reported 2 days ago
Serra Verde Group, a Brazilian mining company, is significantly increasing its rare earth metal production in response to rising trade tensions between the US and China, the leading global supplier of these critical minerals. With plans to deliver 5,000 tons of rare earth oxide annually by 2026 and potential for expansion, Serra Verde aims to become an alternative supplier for the West. Backed by major investors, the company anticipates a demand growth of 8.5% per year until 2035, positioning itself strategically as the US and its allies seek to reduce reliance on Chinese resources.
Source: YAHOO