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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…
Meteoric Resources is going to Lynas and the $968m deal has thrust the spotlight on who else could be a target in Brazilian rare earths.
LS's rare-earth partner Lynas will acquire the developer of Brazil's Caldeira mine, widening non-China feedstock options for LS Eco Energy's Vietnam plant.