Washington Backs Brazil's Serra Verde Mine In $1.55 Billion Rare-Earth Push

Washington Backs Brazil's Serra Verde Mine In $1.55 Billion Rare-Earth Push The U.S. Department of War has announced a $750 million investment aimed at securing long-term supplies of critical rare-earth elements from Serra Verde’s Pela Ema mine in central Brazil, as Washington accelerates efforts to reduce its dependence on China for strategically important minerals, according to a DOW press release out this week.  The investment, announced Aug. 24 through the department’s Econo...

By Tyler Durden