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    US widens lead over Europe in critical minerals race: WSJ: key insights for engineers

    July 18, 2026|

    Reviewed by Joe Ashwell

    US widens lead over Europe in critical minerals race: WSJ: key insights for engineers

    First reported on MINING.com

    30 Second Briefing

    Washington has committed about $46 billion in grants, loans and tax incentives to critical raw materials projects over five years, roughly eight times EU support, and is tying this to preferential access deals in the DRC, Ukraine and other jurisdictions. London-based Pensana has moved its Longonjo rare earth processing plant from Britain to the US to pursue Export-Import Bank financing, while Brazil’s Serra Verde secured US-backed funding tied to long-term magnetic rare earth offtake. The EU is scrambling to respond with a €3‑billion financing hub, strategic stockpiles and a 2030 target that no single supplier exceed 65% of any strategic raw material.

    Technical Brief

    • US-backed overseas deals include preferential access arrangements in the Democratic Republic of Congo and Ukraine.
    • EU response includes formal partnerships with Canada, Argentina, Norway and South Africa for diversified strategic raw material supply.

    Our Take

    Serra Verde’s role in this piece links directly to the separate USA Rare Earth–Serra Verde deal now under antitrust review in Brazil, signalling that Brazilian rare earth assets like the Pela Ema mine are becoming a strategic hinge between US-backed financing and EU diversification aims.

    Within our recent critical minerals policy stories, lithium and rare earth projects in Brazil, Argentina and Africa feature disproportionately, suggesting that assets such as Longonjo and Sigma Lithium’s operations are likely to see sustained competition between US, EU and Chinese-backed financiers rather than relying on a single bloc.

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    Prepared by collating external sources, AI-assisted tools, and Geomechanics.io’s proprietary mining database, then reviewed for technical accuracy & edited by our geotechnical team.

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