Deals

USA Rare Earth CEO Says US is in ‘Early Innings’ of Independence

Barbara Humpton, chief executive officer, USA Rare Earth Inc.Photographer: Aaron Schwartz/Bloomberg

USA Rare Earth Inc.’s $2.8 billion acquisition of Brazil’s Serra Verde Group is a step toward US independence from China for rare earth metals, said Chief Executive Officer Barbara Humpton.

“We’re at the very early innings of this,” Humpton said Wednesday on the weekly Bloomberg Deals show.