Democratic lawmakers are investigating whether a $1.6 billion deal involving critical minerals company USA Rare Earth Inc. created a conflict of interest by benefiting Cantor Fitzgerald, the financial services firm formerly led by Commerce Secretary Howard Lutnick.
An employee walks part of the production line at USA Rare Earth's facility in Stillwater, Oklahoma.
USA Rare Earth Inc. pushed back against allegations by MP Materials Corp., calling a lawsuit filed by its rival an attempt to hinder the company’s growth.
An excavator moves lithium ore at the Sigma Lithium Xuxa mine near Itinga, Minas Gerais state, Brazil, on Wednesday, June 14, 2023. The Brazilian state with some of the world's biggest iron ore mines wants to attract investors to its lithium deposits in a bid to feed growing demand for the key material in electric-vehicle batteries. Photographer: Dado Galdieri/Bloomberg
China has imposed export controls against two US rare earth producers that are part of Washington’s effort to reduce its dependence on Beijing by establishing an alternative supply chain for the critical minerals.
USA Rare Earth recently announced a $2.8 billion acquisition of Brazil’s Serra Verde Group, which is expected to close in the third quarter. It comes as comes as the US and its allies scramble to secure alternative supplies of rare-earth elements, a market long dominated by China. The minerals are used in high-strength magnets employed in consumer electronics, cars and defense systems. Barbara Humpton, CEO of USA Rare Earth, joins Bloomberg Businessweek Daily to discuss, calling the deal "transformative," adding that it will make USA Rare Earth "the global leader" in the space. Humpton speaks with Carol Massar and Tim Stenovec. (Source: Bloomberg)
Brazil’s Serra Verde Group — the target of a $2.8 billion acquisition by USA Rare Earth Inc. — expects about one-third of its future production to come from heavy rare earth elements, a category currently dominated by China.
USA Rare Earth Inc.’s $2.8 billion acquisition of Brazil’s Serra Verde Group is a step toward US independence from China for rare earth metals, said Chief Executive Officer Barbara Humpton.
Barbara Humpton, chief executive officer, USA Rare Earth Inc.
USA Rare Earth Inc.’s $2.8 billion acquisition of Brazil’s Serra Verde Group is a step toward US independence from China for rare earth metals, said Chief Executive Officer Barbara Humpton.
Barbara Humpton, chief executive officer, USA Rare Earth Inc.
USA Rare Earth Inc. agreed to acquire Brazil’s Serra Verde Group in a $2.8 billion cash-and-stock transaction, marking one of the largest deals in the rare-earths industry.
USA Rare Earth Inc. will start commercial shipments of magnets from April, adding to a handful of projects that aim to curb America’s reliance on China for the vital industrial components.
USA Rare Earth Inc. will start commercial shipments of magnets from April, adding to a handful of projects that aim to curb America’s reliance on China for the vital industrial components.
USA Rare Earth Inc. has more than $3 billion in potential funding for its plans to build a domestic rare-earth and critical mineral supply chain, according to Chief Executive Officer Barbara Humpton.
Barbara Humpton, chief executive officer of Siemens USA Holdings Inc., at Ford Pro Accelerate in Detroit, Michigan, US, on Tuesday, Sept. 30, 2025. The event convenes a group of leaders to discuss productivity solutions for the "essential economy," made up of 95 million workers across 3 million businesses in construction, manufacturing, service, energy, and logistics.
The US will seek to reach consensus with allies on a pricing mechanism to help insulate rare earth mineral refiners and extractors during meetings with dozens of foreign ministers in Washington next week, a senior Trump administration official said.
USA Rare Earth Inc. signed a non-binding agreement with the Commerce Department for $1.6 billion in funding, the latest White House deal to boost production of rare-earth elements on domestic soil.
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