[SMM Flash News] Power Minerals Completes Acquisition of Morro do Ferro Rare Earths Project in Brazil

Published: Apr 29, 2026 21:02

Save

Power Minerals has officially finalized the acquisition of the Morro do Ferro (MDF) rare earths project from Mineração Terras Raras (MTR) as of April 27, 2026. Located within the Poços de Caldas Alkaline Complex in Minas Gerais, Brazil, the project is strategically positioned to supply high-demand magnetic rare earth oxides (MREOs) for the global high-tech and green energy sectors. This transaction strengthens Power Minerals' foothold in the critical minerals market, securing a key asset in one of the world's most prominent alkaline-hosted rare earth provinces.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

46 mins ago

Metals Showed Mixed Performance, with Lithium Carbonate and SHFE Aluminum Leading the Declines, Polysilicon Falling More Than 5%, and Stainless Steel Rising Nearly 3% [SMM Midday Review]

46 mins ago

48 mins ago

Downstream restocking and cargo pick-up, market supply decreases [SMM North China Spot Copper]

Today in North China, spot #1 copper cathode prices against the front-month contract were reported at discounts of 190–130 yuan/mt, with the average discount at 160 yuan/mt, up 10 yuan/mt from the previous trading day. The average transaction price stood at 104,580 yuan/mt, down 1,025 yuan/mt from the previous trading day.

48 mins ago

56 mins ago

The most-traded SHFE tin contract fluctuates at highs, and the spot trading sentiment further weakens [SMM Tin Midday Review]

[SMM Tin Midday Review: The Most-Traded SHFE Tin Contract Fluctuates at Highs, Spot Trading Sentiment Further Weakens]

56 mins ago