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Story summary
- USA Rare Earth agreed to purchase Serra Verde for about $2.8 billion.
- The U.S. Commerce Department pledged up to $1.6 billion to support the acquisition.
- Foreign firms filed 42% of 2,727 applications, with 86% submitted in the past three years.
- Brazilian lawmaker Zé Silva proposed a federal policy requiring foreign investors to transfer processing technology to Brazil.
- President Luiz Inácio Lula da Silva said the Senate will advance the law to keep rare-earth processing inside Brazil.
