Lynas Takes the Rare Earth Race to Brazil with Meteoric Bid

At a glance

The race to loosen China’s grip on rare earth supply has produced a proposed A$968 million deal with Brazil at its center. Earlier today, Lynas Rare Earths Limited announced an agreement to acquire Meteoric Resources Limited through an all-share scheme of arrangement. The attraction is Meteoric’s Caldeira project in Minas Gerais, a potential new source of the materials needed by magnet manufacturers seeking supply beyond China. The post Lynas Takes the Rare Earth Race to Brazil with Meteoric Bid appeared first on InvestorNews.

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