Brazil Rare Earths Draw Korea’s POSCO Into the Caldeira Project

South Korean steel giant POSCO has signed a strategic agreement with Australia's Meteoric Resources to secure future rare earths output from the Caldeira project in Minas Gerais. The deal targets up to 30% of production for seven years.

The announcement is part of Washington’s efforts to chip away at China’s dominance of the critical minerals sector across Africa.

Posco International is expanding into Brazil's rare earth market, partnering with a mineral exploration company to secure and diversify its critical minerals supply chain, the company said Wednesday. The trading and energy arm of Posco Group signed a memorandum of understanding with Meteoric Resources, an Australia-bas

July 29 : Australia's Meteoric Resources said on Wednesday it had signed an agreement with South Korea's Posco International to support development and financing for its Caldeira rare earths project in Brazil, sending its shares sharply higher.Here are the details:• Under the memorandum of understanding, Posco could so