StocksMedium•5 November 2026•
1 min read
Solvay Signs $1.3B Rare Earth Offtake Deal with Viridis Mining
Key Facts
1Solvay subsidiary Rhodia Operations signed a binding offtake agreement worth a minimum of $1.3 billion with Viridis Mining.
Solvay subsidiary Rhodia Operations signed a binding offtake agreement worth a minimum of $1.3 billion with Viridis Mining. Mining.com.au reported that the deal secures a long-term supply of critical magnetic rare earths, including neodymium and praseodymium, from the Colossus Project in Brazil.
SVYSF closed at $26.73 on November 3, 2026, as the company moves to support the development of the Colossus Rare Earth Project. This strategic agreement follows recent economic data from Brazil, where the interest rate was held at 13.75% on November 4, 2026.
The upcoming release of Brazil's Balance of Trade data on November 6, 2026, will be monitored for further context on the trade environment in the project's host country.