USA Rare Earth Seeks More Deals, Growth to Break China’s Hold

The soon-to-be president of USA Rare Earth Inc. wants to bulk up through more acquisitions and new projects in an aggressive push to challenge China’s dominance and become the US leader in rare earth production.

“There’s optionality for both organic and inorganic growth at each step of the supply chain,” said Thras Moraitis, chief executive officer of Brazil’s Serra Verde Group and incoming president of USA Rare Earth, after the companies announced a $2.8 billion deal on Monday. “Each of our businesses are going to look for opportunities, and our job is going to be to vet those opportunities.”