USA Rare Earth recently announced a $2.8 billionacquisition of Brazils Serra Verde Group, which is expected to close in the third quarter. It comes as comes as theUSand its allies scramble to secure alternative supplies of rare-earth elements, a market long dominated byChina. The minerals are used in high-strength magnets employed in consumer electronics, cars and defense systems.Barbara Humpton, CEO of USA Rare Earth, joins Bloomberg Businessweek Daily to discuss, calling the deal "transformative," adding that it will make USA Rare Earth "the global leader" in the space. Humpton speaks with Carol Massar and Tim Stenovec. (Source: Bloomberg)