Aclara to Invest $1.3B in Rare Earths

Aclara Resources plans roughly $1.3 billion to build a rare-earth mine complex in South America and processing capacity in the United States.
The company’s breakdown includes $150–170 million for a mine in Chile, $600 million for a mine in Brazil, $300–400 million for a separation plant (to isolate individual rare-earth elements) and about $400 million for a metal plant to produce downstream materials.
Executives say feasibility studies for the Brazil and Chile projects are targeted for completion by mid-2026, with construction to begin that year and production expected before 2028. The U.S. International Development Finance Corporation has committed up to $5 million to help complete the Brazil feasibility study.
Rare-earth oxides and separated elements from these plants feed magnet and alloy production used across consumer electronics, renewable energy and defense sectors; the investments aim to boost supply-chain diversification and domestic processing capability.