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

Published: Apr 29, 2026 21:02
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
[SMM Computing Power Flash] An Intelligent Computing Company Quoted Monthly Rental Prices for Multiple GPU Models Including H100, A100, RTX 5090, All Requiring Annual Contracts
17 hours ago
[SMM Computing Power Flash] An Intelligent Computing Company Quoted Monthly Rental Prices for Multiple GPU Models Including H100, A100, RTX 5090, All Requiring Annual Contracts
Read More
[SMM Computing Power Flash] An Intelligent Computing Company Quoted Monthly Rental Prices for Multiple GPU Models Including H100, A100, RTX 5090, All Requiring Annual Contracts
[SMM Computing Power Flash] An Intelligent Computing Company Quoted Monthly Rental Prices for Multiple GPU Models Including H100, A100, RTX 5090, All Requiring Annual Contracts
According to an SMM telephone survey, a certain intelligent computing company disclosed that the monthly rental for spot H100 was about 76,000 yuan, A100 (40G) about 13,000 yuan/month, and the 80G version was out of stock; an eight-card 5090 complete system was about 12,000 yuan/month. All card types required a minimum one-year contract and did not accept short-term rentals. The contact explained that equipment procurement costs were high and they needed to recoup their investment quickly, coupled with rapid GPU iteration, meaning idle periods during short-term rentals would cause significant losses. The specific location of the data center was not disclosed. The company stated that it mainly serves corporate clients, does not have its own server rooms, cooperates with data centers for operations, and is not involved in personal distribution for the time being.
17 hours ago
Base metals: LME outperformed SHFE, LME tin surged over 2%, SHFE aluminum, copper, and gold led the decline, and SHFE silver plunged over 7% [SMM Midday Review]
17 hours ago
Base metals: LME outperformed SHFE, LME tin surged over 2%, SHFE aluminum, copper, and gold led the decline, and SHFE silver plunged over 7% [SMM Midday Review]
Read More
Base metals: LME outperformed SHFE, LME tin surged over 2%, SHFE aluminum, copper, and gold led the decline, and SHFE silver plunged over 7% [SMM Midday Review]
Base metals: LME outperformed SHFE, LME tin surged over 2%, SHFE aluminum, copper, and gold led the decline, and SHFE silver plunged over 7% [SMM Midday Review]
17 hours ago
During last night's night session, the SHFE/LME price ratio surged once again, and in the morning market, active demand drove premiums to continue rising. [SMM Yangshan spot copper]
18 hours ago
During last night's night session, the SHFE/LME price ratio surged once again, and in the morning market, active demand drove premiums to continue rising. [SMM Yangshan spot copper]
Read More
During last night's night session, the SHFE/LME price ratio surged once again, and in the morning market, active demand drove premiums to continue rising. [SMM Yangshan spot copper]
During last night's night session, the SHFE/LME price ratio surged once again, and in the morning market, active demand drove premiums to continue rising. [SMM Yangshan spot copper]
18 hours ago