CRITICAL MINERALS
Brazil's new rare earths law faces its first test

Kalgoorlie Rare Earths Processing Facility. Photo: Lynas
Lynas Rare Earths, which describes itself as the only commercial producer of separated light and heavy rare earths outside China, agreed on October 1 to buy fellow Australian miner Meteoric Resources in an all-share deal worth roughly BRL 3.5 billion (USD 668 million). The prize is the Caldeira project in southern Minas Gerais, which the companies describe as the largest known ionic-clay rare earths resource outside China.
The transaction cannot close without…

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