Kurt M. Campbell Deputy Secretary of State | Official Website
The United States has welcomed a new investment in Brazil's Serra Verde rare earth elements project. The investment comes from Denham Capital and the Energy and Minerals Group from the United States, along with Vision Blue Resources from the United Kingdom. This initiative is expected to bolster global rare earth supply chains.
The investment highlights the role of the Minerals Security Partnership (MSP) in creating sustainable, secure, and diversified supply chains. It also underscores the support of the Minerals Investment Network for Vital Energy Security and Transition (MINVEST) for strategic MSP projects. According to Serra Verde's leadership, this funding will enable operational improvements and long-term growth for sustainable rare earth element production in Brazil.
This development is significant for critical mineral supply chains crucial to clean energy technologies. Rare earth elements are essential components of permanent magnets used in wind turbines, electric vehicle motors, air conditioners, and other applications.
For more information about the investment or the MSP, visit Serra Verde Recognised by the Minerals Security Partnership & Raises US$150m from Existing Investors or check out the Minerals Security Partnership page. To stay updated, follow Under Secretary Fernandez on X: @State_E, LinkedIn: @State-E, and Facebook: @StateDeptE. Media inquiries can be directed to E_Communications@state.gov.
