Viridis Shuns China, Targets US and Europe for Brazil Rare Earth Project

Viridis is targeting U.S. and European buyers and will not sell to China as it develops its Colossus rare earth project in Brazil.

A Lynas Corp worker walks past sacks of rare earth concentrate waiting to be shipped to Malaysia, at Mount Weld, northeast of Perth, Australia, on Aug. 23, 2019. Melanie Burton/Reuters

Australian rare earths developer Viridis Mining and Minerals is in advanced discussions with potential buyers in the United States and Europe for output from its Colossus project in Brazil, the company’s chief executive said on May 27.

The firm has chosen not to pursue Chinese customers despite interest from that market, according to CEO Rafael Moreno.