Macro Finance
Gina Rinehart Backed Lynas to Buy Rare Earths Miner Meteoric
Bloomberg Markets·September 30, 2026·1 min read
Lynas Rare Earths Ltd. will acquire Meteoric Resources Ltd. in an all-share deal worth about A$968 million ($672 million), gaining access to a new rare earths deposit in Brazil. The acquisition, backed by Australia's Gina Rinehart, expands Lynas's supply of critical minerals used in electronics and defense.
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