Commodities
Rare‑earth miner and refiner seeks to strengthen its role as a non‑Chinese supplier
A truck carrying rare earths travels towards Lynas’ Mount Weld processing plant, northeast of Perth, in Western Australia, on Aug. 23, 2019. © Reuters
SHAUN TURTON
October 1, 2026 14:15 JST
Canberra – Lynas Corp. announced on Thursday plans to acquire Australian‑listed rare‑earth developer Meteoric Resources in an all‑share transaction valued at roughly $672 million. The deal targets Meteoric’s Brazilian rare‑earth deposit, further positioning Lynas as a key alternative to China‑dominant supplies.
