Serra Verde is in talks for another round of funding. Credit: Pedal to the Stock via Shutterstock.

Brazilian mining company Serra Verde Group is planning to increase its production of rare-earth metals amid growing trade tensions between the US and China, reported Bloomberg.

The company commercial concentrate production of mixed rare-earth concentrate from phase one of its Pela Ema deposit in Minaçu, in the Brazilian state of Goiás in January last year.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Pela Ema is characterised as a large, long-life ionic clay deposit rich in high-value heavy and light rare earth elements, including neodymium, praseodymium, terbium and dysprosium, which are said to be crucial for the energy transition.

Serra Verde Group chief operating officer Ricardo Grossi was cited by the news agency as saying that the company is targeting an annual delivery of 5,000 tons (t) of rare-earth oxide by 2026.

Grossi said that the planned increase in output is set to occur alongside an expansion in capacity.

Serra Verde is also considering strategic partnerships with potential companies to further its rare-earth metals production and processing capacity.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Grossi believes the company has the potential to become a key supplier of such critical minerals to Western countries, particularly if China tightens export controls on more metals.

Backed by Denham Capital, Serra Verde has also received support from the Energy and Minerals Group in the US and the UK’s Vision Blue Resources.

Grossi said: “The investment can be made by a new partner or by our current investors.”

The company is currently in talks for another round of funding.

Plans for expanding operations in Brazil are also being assessed, which could potentially double production by 2030.