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Gina Rinehart Backed Lynas to Buy Rare Earths Miner Meteoric
Source: Bloomberg
M&A & RestructuringCommodities & Raw MaterialsTrade Policy & Supply Chain
Lynas Rare Earths will acquire Meteoric Resources in an all-share transaction valued at about A$968 million (US$672 million). The deal provides Lynas access to Meteoric's Brazilian critical-minerals deposit, potentially expanding its rare-earth supply base and strengthening its strategic position in non-China supply chains.
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