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Washington puts Beijing on alert: Brazil is the target of a multi-million dollar US investment in rare earth mining and promises to revolutionize the development of critical mineral supply chains worldwide

Written by Flavia Marinho
Published 17/12/2024 às 20:20
investment - rare earths - mining - minerals - ore - production - Goiás - USA - US$
US invests heavily in Goiás! Rare earth mining becomes key to the development of green technology in the world

Beijing on alert! US invests heavily in Goiás and rare earth mining becomes key to the development of green technology in the world

China, the rare earth giant, goes on alert with US millionaire investment in Brazil! Mineração Serra Verde, located in Goiás, took a giant step towards the future of the energy transition with a contribution of US$ 150 million. This robust investment, led by industry giants such as Energy and Minerals Group and Vision Blue Resources, positions the company as one of the main players outside Asia in the production of rare earths, essential for green technologies such as electric vehicles and wind turbines.

With ambitious plans for expansion and international recognition, Serra Verde is ready to transform the global market and strengthen the supply chain of critical minerals, leaving China on alert.

Goodbye China! US makes significant investments of US$ 150 million in Goiás in search of rare earth mining

China is on alert in the race for supremacy in rare earth minerals! Serra Verde Mining, located in Goiás, Brazil, has received a significant investment of US$ 150 million. The fundraising was led by Energy and Minerals Group and Vision Blue Resources, with the support of founding investor Denham Capital. These funds will drive the elimination of operational bottlenecks and foster improvements, aiming at sustainable growth.

This million-dollar financial contribution marks a new chapter in the history of Serra Verde. The company, which operates Serra Verde Pesquisa e Mineração (SVPM), was included in the list of Minerals Security Partnership (MSP), highlighting its relevance in the global energy transition scenario. The MSP, made up of 14 countries and the European Union, aims to accelerate the development of supply chains of critical minerals for clean energy.

China on alert! Brazilian mining has the necessary support to position itself as a global leader in the supply of rare earths

Serra Verde CEO Thras Moraitis celebrated the inclusion in the MSP, stating that this recognition reinforces the company’s role in the supply of rare earths. International support is essential for the large-scale expansion and success of the operation. Serra Verde now has the necessary support to position itself as a global leader in the supply of safe and sustainable rare earths.

With commercial production set to begin in 2024, SVPM has already begun optimizing its plant and eliminating bottlenecks in Phase I production. In addition, the company is already evaluating a possible investment for expansion to Phase II, with the ambition of doubling its production capacity by 2030, solidifying its position as one of the largest players outside Asia.

This investment is strategic for the energy transition. The production of permanent magnets, which use rare earths, is essential for electric vehicle motors, wind turbines and other essential equipment. The impact goes beyond its large-scale production. Serra Verde is recognized for its use of sustainable and low-impact mining practices, which aligns with global carbon reduction goals.

Goiás is the only producer outside Asia to supply the four critical elements

Strategic investment: Another factor that puts Serra Verde ahead in the mining sector is its strategic location. Established in a consolidated mining district, SVPM has easy access to qualified technical labor, in addition to well-developed services and infrastructure. All of this facilitates the operation and shipment of material, making the company more competitive on the global stage.

Serra Verde is the only producer outside Asia to supply all four critical rare earth elements (REEs) required for the manufacture of permanent magnets. This places the company in an attractive investment position as it provides a reliable and traceable supply, helping to diversify global supply chains that currently rely heavily on Asia.

Serra Verde’s operations also stand out for their use of renewable energy and biofuels. This significantly reduces its carbon footprint and contributes to the transition to a greener economy. These factors make the company an example of innovation and sustainability in the mining sector.

With an investment of US$150 million and recognition from MSP, Serra Verde has a consolidated position to become a global leader in the sustainable production of rare earths

With this new investment of US$150 million and the recognition from MSP, Serra Verde is firmly positioned to become a global leader in sustainable rare earth production. The company is committed to continuing to invest in new technologies and expand its operations, with the aim of achieving new milestones and contributing to the global energy transition.

The next steps in the investment process include continuing expansion initiatives, both in terms of operational scale and production capacity. Thus, the company is prepared to face the challenges and opportunities of a rapidly changing global market.

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Amadeu Machado da Silva
Amadeu Machado da Silva
18/12/2024 13:13

I am very saddened by this sycophancy and Viralism of some Brazilians. I am not defending China or the US. I am defending logic. If China has been investing tens of billions of dollars? What does this exuberant 150 million dollars really represent?

psa
psa
In reply to  Amadeu Machado da Silva
18/12/2024 15:25

Simple. China has been making predatory investments, appropriating the resource and making the owner of the resource a debtor. Look at what they are doing in Africa. While the US, despite all the rhetoric from the communist left, had every opportunity for decades but did not do what China is doing.

Last edited 29 days ago by psa
Amilton Beula
Amilton Beula
In reply to  psa
18/12/2024 15:51

Man, China in Africa is very fair, it doesn't come with any reforms like you should accept LGBT people, no no, it just wants business.

Ronis Elson
Ronis Elson
In reply to  psa
19/12/2024 04:20

It was easier for the US to encourage wars in Africa and apply sanctions to countries and buy rare earths from China to produce weapons and now that it has a mutt complex it is thinking that the United States has a benevolent heart for the development of Latin America, Africa and Asia, wake up while there is still time for the mutt complex or be sold

Walmir Galvao A. Passos
Walmir Galvao A. Passos
In reply to  Amadeu Machado da Silva
18/12/2024 17:31

I liked your observation. Always attentive.

Amilton Beula
Amilton Beula
18/12/2024 15:49

Lots of propaganda for Americana

Flavia Marinho

Flavia Marinho is a postgraduate engineer with extensive experience in the onshore and offshore shipbuilding industry. In recent years, she has dedicated herself to writing articles for news websites in the areas of industry, oil and gas, energy, shipbuilding, geopolitics, jobs and courses. Contact flaviacamil@gmail.com for suggestions, job openings or advertising on our website. Do not send your resume, we are not hiring!

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