On October 21, 2024, the United States, as part of the Minerals Security Partnership (MSP), welcomed a new investment in Brazil’s Serra Verde rare earth elements project. The investment comes from U.S.-based Denham Capital and the Energy and Minerals Group, along with Vision Blue Resources from the United Kingdom. This move is aimed at strengthening global supply chains for rare earth elements, which are critical for clean energy technologies.
Rare earth elements are essential for manufacturing permanent magnets used in key technologies like wind turbines, electric vehicle motors, and air conditioners. These elements are vital to transitioning to cleaner energy sources. The investment will help enhance operations and support the long-term growth of Serra Verde’s rare earth production in Brazil.
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The Minerals Security Partnership (MSP) focuses on creating reliable and diversified supply chains for minerals essential to clean energy. This investment is also part of the Minerals Investment Network for Vital Energy Security and Transition (MINVEST), which supports strategic projects like Serra Verde.
According to Serra Verde’s leadership, the new funds will allow the company to improve its operations and expand its capacity. This will contribute to a more sustainable and secure production of rare earth elements, ensuring that the supply meets the growing demand from clean energy technologies.
This investment represents a key milestone in the effort to develop environmentally responsible rare earth element supply chains. By supporting projects like Serra Verde, the U.S. and its partners are helping to secure the materials needed for future energy solutions and reduce dependence on less reliable sources of critical minerals.
The United States, along with other MSP members, remains committed to fostering sustainable and diversified mineral production worldwide, ensuring that clean energy technologies have access to the resources they need.
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