Mosaic Advances Rare Earths Plan in Brazil, Adding Long-Term Offset to Fertilizers

Mosaic's rare earths joint venture in Brazil has advanced to the prefeasibility stage, with construction set to begin in 2027. The venture focuses on extracting rare earth elements from existing operations in Brazil, adding a new product line to Mosaic's fertilizer business. This move comes as the company faces pressure in its core fertilizers business, but could provide a higher margin, less fertilizer-dependent revenue source in the long term.