Brazilian Party Seeks Court Intervention to Block Sale of Serra Verde to USA Rare Earth
The Brazilian political party Rede Sustentabilidade has petitioned the country's Supreme Court to halt the sale of the mining company Serra Verde Group to USA Rare Earth Inc. The party argues that the transaction, valued at $2.8 billion in cash and stock, poses a national security risk by potentially transferring significant economic control over Brazil's strategic mineral resources. Serra Verde's operations in Goiás are currently being upgraded, with production expected to increase from 100 metric tonnes to 6,400 metric tonnes of rare earth oxides annually by the end of next year. The sale, if completed, would be one of the largest in the rare earths industry. Both Serra Verde and USA Rare Earth have not commented on the matter. 
