USA Rare Earth CEO on 'Transformative' $2.8B Serra Verde Deal

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. -------- Watch Bloomberg Radio LIVE on YouTube Weekdays 7am-6pm ET Saturday & Sunday 7am-10am ET WATCH HERE: http://bit.ly/3vTiACF Follow us on X:   / bloombergradio   Subscribe to our Podcasts: Bloomberg Daybreak: http://bit.ly/3DWYoAN Bloomberg Surveillance: http://bit.ly/3OPtReI Bloomberg Intelligence: http://bit.ly/3YrBfOi Balance of Power: http://bit.ly/3OO8eLC Bloomberg Businessweek: http://bit.ly/3IPl60i Listen on Apple CarPlay and Android Auto with the Bloomberg Business app: Apple CarPlay: https://apple.co/486mghI Android Auto: https://bit.ly/49benZy Visit our YouTube channels: Bloomberg Podcasts:    / bloombergpodcasts   Bloomberg Television:    / @markets   Bloomberg Originals:    / bloomberg   Quicktake:    / @bloombergquicktake