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EU partners with Viridis for $360M Brazil rare-earth plant

6/23/2026

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Summary

Story summary

EU Commissioner Jozef Sikela announced advanced partnership talks with Viridis Mining as the EU pushes Brazil to process rare-earth ores locally.
Viridis plans a $360 million plant to produce 15,000 tons of mixed rare-earth carbonate annually from 2028, backed by a non-binding LOI with Solvay.
The EU also seeks a memorandum of understanding with Brazil on other critical minerals, including nickel and lithium.

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Story summary

EU Commissioner Jozef Sikela announced advanced partnership talks with Viridis Mining as the EU pushes Brazil to process rare-earth ores locally.
Viridis plans a $360 million plant to produce 15,000 tons of mixed rare-earth carbonate annually from 2028, backed by a non-binding LOI with Solvay.
The EU also seeks a memorandum of understanding with Brazil on other critical minerals, including nickel and lithium.