USA Rare Earth Acquires Serra Verde, Boosts Dysprosium and Terbium Supply with US Gov't Support

Published: Sep 22, 2026 12:06 (GMT+8)

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USA Rare Earth has completed its acquisition of Brazilian producer Serra Verde. In April this year, the company announced the deal worth up to $2.8 billion. Upon completion of the transaction, USA Rare Earth is able to directly source dysprosium and terbium supply from Serra Verde's Pela Ema project in Brazil. The project is currently ramping up production, targeting an annual capacity of 6,400 mt of rare earth oxides. In March this year, USA Rare Earth took full ownership of the Round Top project in Texas, and in September last year it acquired Less Common Metals, a UK-based metals and alloys producer. USA Rare Earth's expansion has been supported to a large extent by the US government. Serra Verde's production is covered by a 15-year offtake agreement backed by the US government, while USA Rare Earth has secured up to $1.6 billion in funding support from the US Department of Commerce.

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