Europe accelerates the search for alternative rare-earth supply.

Viridis Mining and Minerals has opened a demonstration plant at its Minas Gerais project in Brazil and is working with France’s Solvay on separation and processing. Managing director Rafael Moreno told the Guardian the company aims to supply European manufacturers and eventually target about 5% of the global rare-earth magnet market.

China controls an estimated 80% to 90% of raw and processed rare-earth supply, while its export controls have disrupted automotive and other industries. EU officials are seeking alternative sources as the bloc’s trade deficit with China runs at roughly €1 billion a day.