US-led Minerals Security Partnership backs new rare earths project in Brazil

Quick Summary:

Commercial production began earlier this year, and it is the only active producer of heavy rare earths outside of China, according to the company.

Gracelin Baskaran, director of the critical minerals security programme at the Center for Strategic and International Studies, said the MSP’s support for Serra Verde is part of a broader rapprochement between the US and Brazil.

The US-led MSP, which includes 14 countries and the EU, is supposed to be the west’s answer to China’s control of critical minerals and rare earths.

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Article Details

Author / Journalist: Leslie Hook

Category: MarketsFinanceInvesting

Markets: United StatesBrazilCanadaChinaColombia

Topics: Newsletter China Supply Rare Critical Serra Earths Minerals Source Security Energy

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-22 @ 11:00:15 (1 weeks ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 888 words

Reading Time: 5 minutes read

Sentences: 35 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 23200775

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