U.S. Hails New Investment in Brazil Rare Earth Project

Department of State

The United States, a member of the Minerals Security Partnership (MSP), welcomes a new investment in Serra Verde's rare earth elements project in Brazil by Denham Capital and the Energy and Minerals Group from the United States and Vision Blue Resources from the United Kingdom, which will help support the development of global rare earth supply chains.

This investment is a powerful demonstration of the Minerals Security Partnership's (MSP) role in establishing sustainable, secure, and diversified supply chains and the role of the Minerals Investment Network for Vital Energy Security and Transition (MINVEST) in supporting strategic MSP projects. As noted by the leadership of Serra Verde, this investment will help enable operational enhancements and long-term expansion for the development of sustainable rare earth element production in Brazil.

This milestone investment supports the sustainable development of critical mineral supply chains most relevant to clean energy technologies, such as for rare earth elements, which are core components of the permanent magnets needed for wind turbines, electric vehicle motors, air conditioners, and other vital applications.

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